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Updated 7 months ago on . Most recent reply
Investing in apartments/multi family properties.
Hello all, my name is Brian floyd and Im a fresh back into the real estate market since 2021. I’m 31 years old and have general construction background and my current career is a journeyman electrician. I have done a few successful house flips from complete renovation. I have some knowledge and capital but I definitely need some guidance and possibly partnering with investors as I enter into a new market I’m not familiar with. I’m looking for guidance into investing into an apartment complex. I would like to find a distressed apartment complex to invest and rehab. Advice for the process and how I could find investors to partner with please
thanks
Most Popular Reply
Quote from @Greg Scott:
I am interested in doing brain surgery. Can you give me some tips? I"m not trying to be snarky, but your question is that broad.
Find a program, find some books, and go get educated.
Hi greg, just to be upfront, I don't know your background or your network , but I find it laughable and nonsense that you are a #2 contributor for "market trends and data" and can't provide any advice other than find a program, find some books, and go get educated. How about " I know the multi family market data well and its a great time to buy rentals because interest rates are above 7% for 30 year mortgage and people don't have 20% down payment to avoid PMI for lower monthly payments. I also would read the book "how I flipped a distressed multi family property profitably" by so so. Moreover, you could simply say "I have experience buying multi family properties and would love to connect with you via email, phone or any option available to you. I'd love to learn where you are in your journey and how I can help or possibly partner with you."
I’ll make myself clear, I want to buy multi family properties and am searching for reliable investors that are likeminded. I don’t understand how that is vague. I’d even take advice on people who have experience and can provide information based on their mistake buying multi family apartments.
If I didn’t already have background in construction/real estate investing I would find your comments to be discouraging or just condescending. If you don’t have anything valuable to say then don’t say anything at all. Please learn respect sir for future reference.