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Updated almost 4 years ago on . Most recent reply

User Stats

261
Posts
166
Votes
Patrick Flanagan
  • Property Manager
  • Prineville, Or
166
Votes |
261
Posts

Intro to apartment complex investing

Patrick Flanagan
  • Property Manager
  • Prineville, Or
Posted

If you had to restart your apartment investing career and you were a young eager lad trying to get in the game. What would be your first step to taking action?

Please roast me if you think I’m way off(I’m the young eager lad)

-Talk to people who own and invest in apartments

(I.e. phone call, take them to dinner, meet on bp)

-find a market to start looking in

-decide wether or not if I want or need a partner

- find a commercial agent

-decide my price range and asset class

-Narrow down what I’m looking for

How many units

Repairs

Cap x and if I can lower the costs

Possible forced appreciation.

What am I missing, my hardest thing is have no credibility. I own 1 4 plex, but that doesn’t even put me in the big dog ball park. I have money to invest, but why would someone think I’m a good partner.

Better question, what can I do to become the best partner out there for a apartment complex investor.

Most Popular Reply

User Stats

143
Posts
49
Votes
Darryl Matthews
  • Real Estate Agent
  • Grand Rapids, MI
49
Votes |
143
Posts
Darryl Matthews
  • Real Estate Agent
  • Grand Rapids, MI
Replied

@Patrick Flanagan Narrow down what you are looking for, Connect with Commercial lenders, Connect with a broker, Capital, Find the deal!

  • Darryl Matthews

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