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Updated over 9 years ago, 07/07/2015

User Stats

79
Posts
19
Votes
Brittaney Woods
  • Investor
  • Miami, FL
19
Votes |
79
Posts

22 Units- Too big for first property?

Brittaney Woods
  • Investor
  • Miami, FL
Posted

I just found a 22 unit building that costs a little over $1,000,000.00.

I asked if the owner is willing to finance with just 15k down and they actually sound serious about financing me.

I've read Kiyosaki's books and even he says to start small.....but I've also read Tyler G Hicks' books and he really just talks about starting, no matter how big or small the property is.

My question is, is this too big of a property for a beginning investor?......Should I keep shopping around for something smaller?

I don't have all the details yet, I will get them as soon as I send my POF and LOI.

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