From Job to Multi-Family Apartments income

[Marty Summers]

Has anyone in here gone from a Corporate job they hated to real-estate income rather quickly?

I have some capital to invest... could pull 100K.  What if I went big into a down payment on an apartment complex?  Any stories out there.....

I need to meet my real estate peeps in Evansville, IN.... anyone out there??  This Corporate world is killing me at 46 years old... need to move my career.

Thanks,

Marty

[Bruce Petersen]

100k in my neck of the woods probably wouldn't get you into MF, remembering that MF is only 5 units or more.

I would look for 80 LTV debt and don't put down too much as it will start effecting your return and it's harder to scale quickly (but not recklessly).

Rule-of-thumb, again in my area, are roughly $200-300 in free cash flow per unit and if you were able to get a 5 unit then you would likely receive in the area of $1000-1500 per month.

Hope this helps and I thought my corporate job would kill me as well so I understand where you are.