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Updated over 4 years ago,
Multiple Family has a high bar of entrance.
So I’m no novice. I have been investing in Single family homes for years. As being self employed most of my life I had to get creative some times and hustle. I’m currently getting a decent income from my SF portfolio that pays the bills and feeds my family. I have looked into getting into MF, before but felt that the financing requirements far exceeded my situations. (When I say MF I’m not talking about 2-4,units. When some people talk multiple family they mean 2-4.)
Not trying to be negative, but a lot of the folks that preach MF have NOT done it themselves and nobody calls them out on it. One guy was talking big game, but he only did one duplex.
I’m trying to find a workable model to scale up, but haven’t seen the light yet.
I’m ears for a workable model from someone that has walked the walk. Plz advise;)