Advice for an investor wanting to invest $2MM in MF in 2018

[Kusum Chanrai]

Hi everyone! 

I'd love some advice. I have $2.2 m to invest on property in the US this year. We just had twins so I need to restrict my travel. I'm based in San Francisco, and so investing locally is out. I initially wanted to buy 1 or 2 MF. I had selected 2 strong cities: San Antonio and Atlanta. Given how quickly MF valuations have been growing, the competition for MF is more fierce than ever and what I have is significantly less than most institutional investors have. I'm thinking through the following options: 

1) Join a mentorship group like Brad Sumrock's - So I can pool my funds with other individuals in order to buy larger properties. 

2) Select a much less competitive market (e.g. Saint Louis potentially) so that there is less competition. The problem here is the upside is also a risk. And secondary markets like Columbus are also pretty expensive now. 

3) Invest in SFRs for now - I haven't done this as yet, because MF seemed more efficient, and I need to restrict my travel given my new twins. 

4) Something else. 

Any advice would be MOST appreciated. Thanks!!