Multi Family 10-12 year plan

[Brent C.]

I am looking to buy 3-5 multi family properties with a 10-12 year plan. I will be out of town most of the time and was thinking more along an A class property in a good area with 50% financing. I am very busy running my company so can make my higher returns in my own business and these properties are just for retirement and no income needed. I wonder if anyone has a good strategy for someone like me? Also any particular areas that look good for a 10-12 year timeframe?

Thanks in Advance!

Brent

[Brent C.]

Hi Joel,

In Tokyo.

Sorry I don't remember talking about cash-flow. Was thinking a 10 to 12 year Amortization to pay off the loan thus the 10% Cap would be ideal. I agree there are many ways to skin a cat, the thing is I am limited with my time so want to get in and hold for the long haul and willing to have a strategy that has less than perfect returns in return for a safer and easier investment to manage. (Storage units came to mind) FInding this balance is the hardest part. Maybe there just isn't one. I do not trust anyone with my money so getting into some partnership is not for me. I rather just keep cash and buy outright and hold than get involved with others. With my 25 years of doing business no one cares about your money more than you so buyer beware. :)