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Updated almost 10 years ago on . Most recent reply

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58
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20
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Drew Mim Mack
  • Real Estate Investor
  • Vancouver, WA
20
Votes |
58
Posts

Getting into the multi-family game

Drew Mim Mack
  • Real Estate Investor
  • Vancouver, WA
Posted

I work for a capital improvements company in Portland, we serves the apartment industry… how do I make the transition into apartment investing with under $50k in capital?

Most Popular Reply

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154
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67
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Jessica S.
  • Real Estate Agent
  • Portland, OR
67
Votes |
154
Posts
Jessica S.
  • Real Estate Agent
  • Portland, OR
Replied

@Jeff G., this sounds like a great strategy for other parts of the country.  But unfortunately it isn't possible to purchase anything for under $50k in the Portland area.

@Drew Mim Mack, do you own the home you live in?  If not, you could start by purchasing a duplex and living in one side while you rent out the other.  You'll qualify for better financing since it will be an owner-occupied property. 

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