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Updated over 6 years ago on . Most recent reply

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Nathan Jackson
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7
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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?

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