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Updated about 2 years ago on . Most recent reply

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Shelby Regner
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Is starting with a 12-unit building unadvisable?

Shelby Regner
Posted

I'm still a year or so away from making my first investment and will spend the next several months learning more... but it seems everyone want you to 'cut. your teeth' on a single-family/smaller number of units. Yet, it seems to me, that having more units will decrease your chances of having empty units. So let's say I have some time to read up and save up. Is this a bad idea because of the risk involved? If so, tell me more. If not, what should I read or study that will specifically help with a 12-unit upstairs and restaurant downstairs. ((Also, one of the buildings that's I'm interested in also has cell towers on the roof.))
P.S. Please be nice, I'm a total newb and genuinely want to spend my learning time well. Is my idea naive, too ambitious, or amazing?

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Jill F.
  • Investor
  • Akron, OH
4,241
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Jill F.
  • Investor
  • Akron, OH
Replied
We started with an 8 units and then bought and additional 13 units 8 months later. You have to be organized and focus on process. One of the best moves we made was to select a full featured property management software system.

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