Tips/Tricks in investing in Apartment bldgs

[Kyle Root]

I started investing back in April of 2019 & I have 1 duplex and should be closing on a single family home going for my first BRRRR deal. As I continue to look for deals and learn more about the RE market (Midwest market, specifically northern Michigan/Wisconsin) I want to start looking in the apartment bldg market.

I hope to add 4-6 units over the next year which would double/triple where I am right now. What are some tips/tricks and things to look out for when searching for an apartment bldg?

Ex. $500,000 10 unit apartment bldg, 25% down would be $125,000 on a conventional (which I do not have). Outside of seller financing (which I am not opposed to), what are some other options for financing? How to minimize personal risk?

Any feedback would be greatly appreciated and look forward to hearing from you guys.

[Matt Crusinberry]

@Kyle Root, In regards to capital, I recommend that you read Raising Private Capital, and look to friends and family. You also may want to visit your local meetup's and be open to partnerships. HML is also an avenue you may want to consider, and congrats on hitting the road running. Good luck!