Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on . Most recent reply

User Stats

7
Posts
0
Votes
Mason Adams
  • Littleton, CO
0
Votes |
7
Posts

Start big or small? - Apartments or Multifamily

Mason Adams
  • Littleton, CO
Posted

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!

Most Popular Reply

User Stats

478
Posts
388
Votes
Chris Tracy
  • Specialist
  • Plainville, CT
388
Votes |
478
Posts
Chris Tracy
  • Specialist
  • Plainville, CT
Replied

@Mason Adams- Ever consider being an investor partner in someone else's deal?  

Since you're young and you have some capital to play with, another option is you can bring some cash to the table for someone else's deal and be a silient partner.  The sponsor will report to you regularly and you can begin to learn the 500 foot overview, ask questions and adopt the thought process of an experienced syndicator and how to operate a deal that is 75+ units, etc.

I'm with @Michael Le... the bigger deals are so much better.  You just need more patience and it's more challenging to find larger deals that make sense and the game is quite competitive.

People are always looking for investors.  Make friends with some of the big dogs on here and ask them if they have any deals that you can participate in.

Food for thought!

Loading replies...