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Updated almost 10 years ago,
Soon to be Apartment Building Investor
Hey all! My brother and I are working on a duplex deal (improve and refi) that should net us about 150k in the bank. We have a few multifamily properties and multiple private investors that we could use for additional funds. Once we cash out we will look for a small apartment building of about 10-20 units, ideally owner financed. Does anyone have suggestions for getting started in this space? I was thinking about doing something similar where we purchase with owner financing, improve, then refinance with private money or bank to maintain good cash flow, as well as pull out equity for more investments. Would love any and all thoughts on my strategy, as well as suggestions for others. Thanks!