Where do I start? $1.2 mil

[Mayer M.]

Hey all! I want to purchase a multi and have a budget of around $1.3 million with 25% down and mortgage the balance. Honestly, I have no idea where to start or where to look. I have been looking for quite some time in New Jersey with no luck. I’m looking for a deal as I’m sure most of you are. I don’t want something to old, or in a war zone. Should I be looking for a value add? Where should I be looking? I’m nervous about purchasing something out of my state of New Jersey. Any guidance would be greatly appreciated. Thanks for listening!

[Jay Hinrichs]

@Mayer M.  keep in mind on BP if say you have X to invest your a target with a big X on your back.

I would suggest instead of trying one of your own if you have never owned an apartment or rentals.. and I have no idea of your experience.

however you may want to look at syndication deals of course choose wisely but there are many syndicators on BP.

too many to name without offending anyone..

Good luck and keep that money tight to your hip  :)