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Updated almost 8 years ago on . Most recent reply
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growing into the multi-market
Hi Bigger Pockets folks!
I've been investing for about 8 years now and have 15 properties. Nothing too crazy, this is a side gig for me. When I started doing this, I thought I would be able to keep picking these up and leave my day job. Luckily, I make a good living at my job, but I don't like it. I know I'm lucky to have these problems. However, I spent 2016 refinancing a few properties, so I didn't make any acquisitions. I feel like I've lost touch with the market and came to the realization that the only way to get out of the rat race is to go and buy a large multi-family. I know I can get investors.
Is this a crazy idea? I have experience, but not like this.
I'd appreciate any advice as I'm trying to shake myself out of this lull in my investing. (I am doing a turn-key flip at the moment, so I'm not completely out :) )
Thanks
Jonas
Most Popular Reply
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First off the fact that you have already done what you have done is great! The only thing is your specific type of investing has limits. My team and I do mostly out-of-state buy and hold apartment complexes. I do believe getting your foot in that door will be better off for you. The key is to speak to others who have done it and see if it fits with what your personal goals are. Keep in mind that this type of investing is different then what you are used to. Let me know if you have any other questions. Feel free to PM me.