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Updated almost 9 years ago,
Is a multi-family property good for a beginning investor?
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.