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Updated over 7 years ago,
Start big or small? - Apartments or Multifamily
Hello,
My name is Mason, I am 25 and I am looking to do my first real estate deal.
I was thinking 20 Units+ and at this time I have captial for down payment of 100-300K.
My question is; Should I start small 1-5 multifamily properties or should I buy myself an entire complex and move forward from there?
I travel cross country non-stop so I will have to hire a property management company. I have my criteria for what I want to buy, I have read many books. I feel if all my units are in one spot it'll be easier for property management. Should I start off big and trust the property management or should I start small and handle it myself?
I appreciate any insight, suggestions, and ideas you have.
Thanks!