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Updated about 7 years ago, 11/18/2017

User Stats

51
Posts
18
Votes
Mark W Carpenter
  • Wholesaler
  • Mustang, OK
18
Votes |
51
Posts

DO YOU HAVE TO START small?

Mark W Carpenter
  • Wholesaler
  • Mustang, OK
Posted

Hello, all I would love to get some input maybe some book suggestions or just some more experienced advice.... 

I am a acquisitions manager for a wholesaler here in Oklahoma I have yet to buy any SFH and I am wanting to buy something soon, but I have been reading ABC'S of real estate investing and it has really got me thinking about maybe going into multifamily, it seems like you can increase cash flow more than just one, and I like the idea of that.... I would house hack, but since I have 2 kids and one on the way I don't think that will work lol

So has anyone started with just commercial properties, and if I am understanding properly the financing of the loan is based on cash flow not the credit of the person applying... Which is good, because my credit is not so good. 

@anson 

Thanks in advance to all. 

@Anson Young  do you know anyone who started with Multifamily's 

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