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Updated 5 months ago on . Most recent reply
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How to quickly scale multifamily portfolio
Hi savvy multifamily and apartment investors, I'm a 20th-year-old college student wanting to own a multifamily/ apartment complex and have tried wholesaling. Still, after a few months, I figured it wasn't the best fit for my interest as I'm interested in raising capital or using other people's money to buy multifamily. How can a 20th-year-old approach commercial loan officers and investors to lend the money to invest in a 8 or 10-unit apartment? I know there must be a way. but I don't where to start. I have been reading books on investing in multifamily and how to analyze and underwrite a property. I need some kind of guidance/ mentor in exchange I'm ready to use my talent to help increase portfolio. Please give me a chance to get interviewed
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- Investor
- Miami, FL
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There is always a way. You could buy a 100 unit with $0 down and find a lender to finance it. Of course the bolder the target, the less likely it is and probably less than .01% of people could pull this off.
More realistic advice is to get as high of paying W-2 job as you can, save up, put 5% down on a 2-4 unit, manage the heck out of it, and then leverage that experience to do a larger deal using OPM.