Looking to purchase apartments for the first time

[Matt Haman]

Recently read Grant Cardone's book and want to get into apartments. Looking for others who have took this step. Currently have multiple SFH rental properties.

[Lucas Miles]

@Matt Haman Really depends on your goals. If your self managing, tenants that live in multifamily can be more difficult than SFR renters, but multifamily often produces more cash flow. Multifamily properties are typically valued based on income and expenses. If you find a property where rents are low, by increasing rents you increase cashflow and also create additional equity for yourself as the value of the property has now increased. This forced appreciation can be very powerful, and can allow exponential growth.

In my experience there is less investors in the 8-50 unit multifamily range. To large for the typical SFR investor and to small for larger investors. Lot of properties that are poorly managed, and rents that can be raised to match what the market is demanding.