How did you transition into multifamily space?

[Thomas Wang]

I signed up for the BiggerPocket multifamily boot camp as part of my preparation to transition into multifamily space in 2022. I am curious to what is your experience of how you made that transition. I have been investing about 4 years in residential rentals, and left W2 last year.

Short Story: I immigrated to this wonderful country in 1993 with $3 in my pocket and few words of English. After completing 16-years of the American education in 6-years, while working as a dishwasher, handyman, etc) I was able to buy my first home in 2001. In 2017, I sold my primary home, that was almost paid off, to start my real estate journey. Last year, I was able to leave my W2 job and now looking into multifamily space. I see option of investing as a passive investor (I am credited investor) but I enjoy being active. I will appreciate to hear your experience of how you made that transition and open to learning, sharing and possibly partnering. Thank you.

[Ben Leybovich]

From one immigrant to another - good for you!

To answer your question, as someone who's transacted $200M of multifamily real estate, the answer is simple - buy a duplex, then a triplex, then a 4-plex, then a 6-plex, then a 10-unit, then 100-unit... It's not more complicated than that :)

Now, if the highest and best use of your time is to do something else, then you can be passive and invest with guys like me. But, what is the highest and best use of your time is not something I or anyone else can comment on.