New investor looking into commercial real estate
I've been looking for my very first residential rental of my own for over a year and due to not having a ton of startup cash (70k) and the fact that any good deal i found is purchased within days of being listed, I've had no luck. I work a M-F office gig but looking to supplement. Investing wise, I'm looking at switching gears and getting into multi family properties such as a smaller apartment building. Does anyone have any advice on best practices to fund that? Again, 70k of my own cash, over 6 figure personal salary. No LLC yet, so I'm at ground level and need some advice from a guru or two.
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@Stephen Horan @Dino Dziljaj We're working on similar sized multifamily deals in Columbus Ohio (5-30 unit range). BiggerPockets is a great place to find partners and partnering is a great way to do deals.
I'm always available if you want to chat sometime about multifamily.