Nashville- Looking to start Multi family with limited cash

[Patrick Leitch]

I work for a property management company as the CFO and we handle an extensive amount of properties. After seeing so many investors of these multi family properties we manage, I can’t help but want to get into investing them on my own. My biggest dilemma is that I don’t have the cash to put down. I’m not willing to reach out to current investors my company works with because I don’t want to muddy up any relationships or cause my company any issues should something not align. Any recommendations? Thank you!

[Thomas S.]

Don't try to start without the cash. Take what ever time is needed to save up a DB and a sizable reserve fund before you attempt to venture in or partner with someone with the cash. If you have experience and good credit all you need do is find someone with the cash. To be a successful investor you need cash to invest, yours or someone else's. 

Personally I would hone your savings, save buckets of cash, adjust to a supper frugal life style and go it alone.