How many investors went straight into Multi Family?

[Andrew Neal]

I am curious how many investors went straight into multi family or even quickly into MF?

What were your reasons for doing so?

What did your first deal look like?

[Sam Grooms]

I did. 

I didn't want to mess around with small stuff. I knew I wanted professional management. 

I first invested passively through syndications, and then moved over to the sponsor side. My first deal passively was a 202 unit. My first deal as a sponsor was a 98 unit. Both were here in the Phoenix area.