Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 1 year ago on . Most recent reply

User Stats

2
Posts
0
Votes
Hugo Ramirez
  • New to Real Estate
  • San Antonio, TX
0
Votes |
2
Posts

Starting from Zero Looking for Mentor into Multifamily Invest

Hugo Ramirez
  • New to Real Estate
  • San Antonio, TX
Posted

Hello, I have been trying to start with it for a while, after review many options and see comments I'm totally lost if are good, or scams (Raul Luna, Peace Morby, Sam freedom, Grant Cardone, Ace Properties, Mel and Dave, Thach Nguyen, Daniel Devis,Tax Lien Wealth, Texas Reias, We buy ugly houses franchisee. Lifestyles unlimited and much more) Always they have some kind of tricks and upsells, additionally that prices are quite higher I would not want to be scammed. 

I'm a newbie on it, I want to make it serious many of them says "without a penny from your capital" sounds too good to be true specially when you are new, and with no network on this area like PM, Lawyers, GC, Lenders, Investors etc.  Is someone here could give an advice where to start? Outside seems to be a deep sea of marketing and people trying to get your money.

Some says: you should do flipping first, you should do single home first, you should no just do warehouse and flex spaces, forget about plumbing and midnight calls!, you should do storage, etc

My target is multifamily,

My goal is to invest is get some checks every month and create wealth in a long term, but I don't have a clue where to start. Is there someone who can give me an honest advice of a good course or mentor? I'm from zero now and I'm in San Antonio, Texas.

Most Popular Reply

User Stats

267
Posts
297
Votes
Trevor Richardson
  • Real Estate Broker
  • Reno, NV
297
Votes |
267
Posts
Trevor Richardson
  • Real Estate Broker
  • Reno, NV
Replied

If your lifestyle supports it, multifamily (house hacking) is a great way to start building wealth. Starting in November you can put 5% down on up to 4 units. Pick an area where fixing up and selling a 4-plex makes sense. The property will need work done to it to make this work.

Purchase the 4-plex and begin to fix the units you are not in and rent those out for their maximum rental amount. After a year or so, fix the one you have been living in and grab an agent who knows how to sell investment properties, list and sell the multifamily (completely renovated 4-plex) with its new cash flow. Multifamily investments sell cash flow, not ARV. It's a 4-plex flip play.

business profile image
Address Income
5.0 stars
18 Reviews

Loading replies...