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Updated almost 6 years ago,

Account Closed
  • San Jose, CA
2
Votes |
4
Posts

First time REI and looking into multi family apartment buildings

Account Closed
  • San Jose, CA
Posted

I've been considering getting into RE investing for a long time but have always lacked capital. Now that I am further in my career I am at the point where I want to jump in and get started. 

I am looking at multi-family apartment buildings with over 5 doors so I can get commercial non-recourse financing on them. I plan to invest out of town from where I live and plan to have a property manager deal with the day to day of the property and be a proxy between tenants and myself since I already have a full time career.

I have enough to go in on a small deal all by myself, I just need to learn to get to from where I am to finding a deal sufficient to invest in. I am trying to plan my next moves for how to get into my first deal. It seems like theres 6 first steps that all need to happen at once. I am still in the information gathering phase. 

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