Starting out w/ Turnkey Properties before doing Apartments

[Ayodeji Kuponiyi]

Good day BP Nations. I currently own a duplex I bought with cash back in May 2012. I'm currently looking forward to an arbitration settlement this September and thinking of purchasing some turnkey properties in the mid-west and south east of the country to substitute my income and more than cover my expenses.  

After acquiring some turn-keys and generating minimum $10K/month I plan to find a mentor to learn syndication in apartments. Since 2012 up till now I've been reading books, listening to podcasts from different people, and picking fellow BPer's brain on real estate. What do you think? Please share.  

[Joe Fairless]

@Ayodeji Kuponiyi I do multifamily syndication and understand your thought process of wanting a stable income before you dive into the big stuff. 

You certainly can learn a lot from reading books, podcasts, BP, etc. but you learn a lot faster by doing it. So if multifamily is your goal then I'd get whatever income level makes you comfortable (and quite frankly maybe a little less so you have some self-imposed pressure) then get rocking on doing it.