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Updated about 3 years ago on . Most recent reply

User Stats

15
Posts
9
Votes
Zach Grigg
  • New to Real Estate
  • Huntsville, AL
9
Votes |
15
Posts

Buying your First Multi-Family Property

Zach Grigg
  • New to Real Estate
  • Huntsville, AL
Posted

Hey everyone! Glad to finally join the Bigger Pockets family. I'm curious to see how everyone's first (or first few) deals with multi-family properties went and what your experience was through the process. Any lesson's learned that shaped how you approach analyzing/buying/managing multi-family properties today?

Most Popular Reply

User Stats

209
Posts
196
Votes
Nathan Fisher
  • Property Manager
  • Cleveland, OH
196
Votes |
209
Posts
Nathan Fisher
  • Property Manager
  • Cleveland, OH
Replied

For me it came to down to this: You're going to have to pay for it sooner or later. 

You could either buy a low end property and deal with higher tenant turnover, headaches, maintenance, and other foolishness. Or you could go middle of the road, and not have to think about the place for months on end.


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