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Updated almost 6 years ago on . Most recent reply

Darius King Davis's profile image
Darius King Davis's profile image
Darius King Davis
  • Rental Property Investor
  • from Chicago, IL
  • Member since Aug 26, 2018
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Darius King Davis's profile image
Darius King Davis's profile image
Darius King Davis
  • Rental Property Investor
  • from Chicago, IL
  • Member since Aug 26, 2018
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Darius King Davis
  • Rental Property Investor
  • Chicago, IL
1
Votes |
5
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Multi-Family and Apartment Investing

Starting out apartment investing

Darius King Davis
  • Rental Property Investor
  • Chicago, IL
Posted

Looking to get my first apartment investment..10-20 units..any advice on getting started? What boxes do i need to have checked off to make it happen?!

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Oleg Shalumov's profile image
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Oleg Shalumov
  • Rental Property Investor
  • from Teaneck, NJ
  • Member since Aug 24, 2016
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Oleg Shalumov's profile image
Oleg Shalumov's profile image
Oleg Shalumov
  • Rental Property Investor
  • from Teaneck, NJ
  • Member since Aug 24, 2016
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Oleg Shalumov
  • Rental Property Investor
  • Teaneck, NJ
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Oleg Shalumov
  • Rental Property Investor
  • Teaneck, NJ
Replied

@Darius King Davis 

- know how to evaluate multi-families

- know the area where you will be investing (CAP rate, average rent, average vacancy, etc )

- have team in place (broker, PM, handyman, insurance, attorney, etc)

- have downpayment or a partner with one

- understand what due diligence to do before purchasing the property (educational part)

This would be a good start

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