Residential to Multifamily

[Seth Sundberg]

Hi all,

Congrats on starting your real estate journey! 

I believe right now is an amazing time to get into real estate as there's deep concern and even fear in the marketplace which is just when you want to come in. I used to run a national mortgage company and had an investment firm in CA working on solely residential property in different locations and the got into multifamily acquisitions starting in 2018. 

One of the biggest things I regret looking back on my career is not getting into multifamily sooner and thinking that I had to start in residential and then to slowly work up my unit count. This is actually the most risky way to get into multifamily that I now know and see from experience. 

I work with people to sponsor deals with them through syndications (and even JV's at times) and have a Multifamily Accelerator (link above) to teach and work with people on their deals. If anyone is interested in getting into multifamily deals I would say go big early (100+ units) as my best advice to you, find a good sponsor and experienced operator (between my partners and I we have over 2k units now) and you'll actually experience less risk than if you go from single family, to 10 units to 50 units to 100+ units over time.

Hope that's helpful. 

Seth