Starting out - Apartment Syndication - Large Multifamily Deals

[Justin Haughton]

Hello BP Family - has anyone started their real estate career in large multifamily deals? If so, I'd love to hear your story. When it comes to using bigger pockets as a medium for finding passive investors in large deals - what rules must be followed? Moreover, how poised is this community toward larger deals like 100-300 unit complexes? From what I've seen a lot of the content has been for single-family or small multifamily (2-4 units). What I have heard from people who are in large multifamily now - is that their biggest regret is that they didn't start sooner because it's easier to scale.

Here's a goal I made in light of my pursuits: 

Within 2 years, I will buy 300+ MF properties in the/outside the (still determining area - maybe Plano, Texas) area that will earn an average annual return of 15%, double investor's money in 5 years or less, and will earn me an additional $30k per month net income (after tax).

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I have heard repeatedly that focus = power. On one hand, I want to focus my attention on being able to get into a 2-4 unit house hack (I spoke about this in a previous post I made)- but at the same time, I want to learn large multifamily and ultimately be a GP, build a team, and syndicate my own deals. If I divert my attention to both I think I would be worst off than if I were to choose one and give it my full attention. Would love to get the BP community's thoughts on this.

My very best,

Justin