Buying first multi family, apartment complex.

[Joseph Ojea]

Hi, I’m looking to break into the business with my team, with out first complex. Haven’t decided on 4 plex, or apartment complex yet.. Will be going into business with three partners. Looking to buy somewhere in California. Ultimately we want to live there, and manage it ourselves.. I’m taking all the info I can get. We’re young entrepreneurs, so not a lot of cash yet, but my credit is through the roof.. What’s parts of Cali should I be looking? Should we shoot for 4 plex or apartment? I’m literally new to the game, and am looking for all the info I can get.. I live in Baton Rouge, and have 1 rent house. So I’m not a complete green horn with the business.. But am totally new to this multi family business.. Everyone, take your shots!! I’m all ears :)

[Caleb Heimsoth]

If you buy an apartment building typically your lender won’t let you live there. 4 pled and below you can live there. Have you looked st prices at all? A 15 unit in California is going to cost a lot