Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 6 years ago,

User Stats

7
Posts
0
Votes
Nathan Jackson
0
Votes |
7
Posts

Found 12 Unit C apartment for cheap. Not enough funds/experience

Nathan Jackson
Posted

So I'm fairly new to this world of investing, but I'm trying to soak up all the knowledge and experience that I can. I recently came across a listing for a 12 unit complex near an area I'm familiar with (C+ neighborhood. No crime. C schools.), listed just under 50k per unit. I myself am not in a spot financially that I could purchase, and I'm not comfortable with my first purchase being a 12 unit as that seems like a rather huge jump from nothing.

So what are my options as far as anything I could do with this property? I've been looking into Wholesale and may try and go down that road, but I'll need to learn quite a lot more before I'd be able to put anything under contract.

I'm able to look at the property and even check in on it (I'd rather not actively manage something like this tho). I think my options are:
-Try to wholesale it,
-try and "bird dog" it, 
-partner with someone,
-or just watch it and learn what I can about what I don't know.

Any recommendations or comments?

Loading replies...