Multifamily Investing - LP vs. GP vs. KP

[Brian Choi]

Hello multifamily investors! I'm very interested in multifamily investment, and want to hear about your opinions. 

As I'm new, I'm investing as an LP. I believe it's a good way to experience multifamily investing. But at one point, I'd like to be KP who can lead the deal from start to end. Do you think I should just use the money to buy smaller deals rather than investing as an LP?

Another question is finding deals. What do you usually use to find the deals? 

Many thanks in advance!

[Don Spafford]

@Brian Choi Starting as an LP is a good idea to help learn more about the process. To be a KP on the deal generally requires a very high net worth to be able to guarantee the payments. I suggest keeping with being an LP on a couple of deals, then maybe try to work into being a GP on a few before looking to be a KP. It is good to have a track record of successful deals to be a KP as well.