Starting out with multi family home investments

[Rico Stewart]

Hello everyone, My name is Rico Stewart I'm a 20 year old from Indianapolis, Indiana, and will be completing my second year as a Business Management/Finance major at IUPUI (Indiana University). I would like to make the point that I have no experience in real estate investing other than helping my dad flip homes when I was younger. I would love to learn more about the industry, as I plan to begin investing in multi family homes within the next year or so. I am aiming to even to learn as much as possible in the real estate investment industry. I have read a bit of content and listened to quite a few podcasts and videos relating to real estate, but I have a hell of a lot to learn still. If any of you may have any recommendations on how to get started, what to look for, what books to read, people to connect with, etc. I would love to hear your ideas. I am new to BiggerPockets, and I looking forward to connecting with this community of like-minded individuals.  Thank you all for your time, Rico Stewart

[Erin Donlan]

Hi @Rico Stewart and welcome to BP! I'm sure that you'll here from other people (and myself) that residential multifamily can be a tough way to go in Indy. A lot of our multifamily inventory is in older and less desirable parts of town. However, there can be some opportunity around the city and even in revitalized areas downtown. There are additional challenges like increased tenant turnover that also makes investing in multifamily a less attractive route in Indy. The returns can be a lot better than a single family home if you can manage those risks, however.. 

Hope this helps (and doesn't damper your enthusiasm!). I'm  an agent and investor in the area - happy to talk and answer any questions you have!