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Updated over 8 years ago on . Most recent reply

User Stats

5
Posts
1
Votes
Matt Ritchie
  • Lees Summit, MO
1
Votes |
5
Posts

Interested in MF/Apartments

Matt Ritchie
  • Lees Summit, MO
Posted
My Name is Matt, I'm 25 and as the title states: I'm interested in MF units and apartment complexes (in the Midwest). I've been doing my research through BP Blogs, Podcasts, and other business/real estate books. This forum is a great resource and I've learned a lot over the last couple of months! My main newbie questions are: would it be better to start small with a 3-5 unit or jump right into an apartment complex with somewhere between 15-30 units? My business partner and I are leaning towards starting small and working our way up. Learning the "game" and getting our feet wet while also getting some cash flow. House hacking is also an option as we're both college grads living with parents to save some dough. We would love to get out on our own so maybe house hacking would be a good start. Any advice would be greatly appreciated! Glad I stumbled across Bigger Pockets

Most Popular Reply

User Stats

70
Posts
56
Votes
Chris Gibbs
  • Investor
  • Portland, OR
56
Votes |
70
Posts
Chris Gibbs
  • Investor
  • Portland, OR
Replied

I would say do not limit yourself.  If you run and re run your numbers and you have the capital to do a bigger deal it may be a good option.  If a 3-5 unit comes up and the numbers work for you and your partners goals then go for it.  Same with a 15-30 unit.  Follow the amazing deal and do not limit your options for success.

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