BATON ROUGE Multi-family investment

[Jamon Stanton]

Hello BP family,

Im currently looking for a multi-family investment property in the Baton Rouge (70810) area. I have been doing a lot of searching and running numbers on single family investment properties and multi-family properties. As of now I am leaning towards a duplex maybe a fourplex to start off with as my first multi-family investment. I want to see if there is anyone who is also interested in investing in a multi-family property in the baton rouge area or anyone who has any advice/experience in investing in a multi-family unit. I am also curious on how I can creatively finance a deal on a multi-family unit.  I would love to hear any helpful feedback! 

[Jonathan Towell]

Hi Jamon,

A property with 1-4 doors is going to be appraised on comps just like any single family property. So the way you finance it will be just like how you'd finance a single family property. Therefore any creative finance method for single family will work for 1-4 units. I like seller carry or the BRRR strategy personally.

Once you get over 4 units, you start getting income bases appraisals and the financing changes. At that point you can start looking into syndication models or other structures to finance deals.

I hope that helps.