First deal in Multi-family Apartments

[Kenny Kamdoum]

Why are people so against starting out investing in multi-family apartments? I new in the investing field and dont have enough money to buy my own deal but i figure that if i can find a  great deal, then i can raise money to fund that deal. do you all agree?

[Todd Dexheimer]

People are against multi-family right now? That's news to me, it seems everyone and their dog is buying or wanting to buy multi-family!

If you have no money, then you can certainly raise it, but don't assume that a good deal will find money. You need to gain the trust of the people controlling the money. Most people looking to place their money look at the person running the deal, the deal itself and then the returns. 

A few ways to start with little to no money:

1. Buy buildings with partners that together have the money and track record. 

2. Syndicate – this in my mind should be done by sponsors that have experience with small multi-family at a minimum.

3. Raise money for a Syndication

4. Invest your own money in a syndication. Be sure you find ways to be involved.

5. Be a bird dog and find the deals for other apartment buyers. You can get paid $50k or possibly more for finding the right deal for a buyer. 

6. Volunteer or get paid to work with an investor. Be sure you can add true value by asking people you know to help them. I would try to get to know investors before just saying you will volunteer for them. 

7. Start small - then go big

8. Become a property manager, real estate agent (commercial), appraiser, inspector, mortgage broker, etc. 

For more detail click here:

https://www.biggerpockets.com/blogs/10145/70092-ge...