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Updated about 9 years ago on . Most recent reply

User Stats

40
Posts
18
Votes
Derik S.
  • Fort Collins, CO
18
Votes |
40
Posts

Is a multi-family property good for a beginning investor?

Derik S.
  • Fort Collins, CO
Posted

I am looking to carve my niche in multi-family properties, such as a apartment complex,  since trying to cover everything would be spreading myself to thin. Given my situation of that I would be using OPM to finance a deal ripe for the picking, would it be a good idea to look into a multi-family property? Tell me if I should change any of the following, in terms of thinking. I would try to find a apartment complex where the average rent is lower, so around the $500-$800 mark, so if certain aspects of the market in that area go belly up, perspective tenants can still manage to occupy my units.

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