Multi-Family and Apartment Investing
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
Is it wrong to go BIG for first deal??
I have the funds up to $200k. Been loOking up to $1M multi family apartments for a first deal!! Seems more attractive to me than buying a few SFH.
Am I biting off more than I can chew for first deal?! Please any advice would be great
Most Popular Reply
My first deal was a 48 unit, never did single family at all myself.
Having said that, it's definitely not the easiest route but I'm very glad I did it that way. I did have someone walking me through the process from beginning to end including the sale a little over 2 years later.
If you have someone to lean on I would always "go big". The quicker you can develop scale the easier it gets if you do it all yourself (management). My 300 unit is easier than that 48 unit; I have more and better quality staff to handle all of the day-to-day and I get to just lead the team.