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Updated over 4 years ago on . Most recent reply
Not sure how to jump into multi family, have funds available.
Hello! New to BP, have done 9 residential single family flips. Made some good money as well as lost some good money. Got a taste for real estate but am looking to dive into flips on multi family units or possibly holding.
Any suggestions?
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#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
Originally posted by @Abraham Arechiga:
Hello! New to BP, have done 9 residential single family flips. Made some good money as well as lost some good money. Got a taste for real estate but am looking to dive into flips on multi family units or possibly holding.
Any suggestions?
The main thing is to educate yourself on the market and the business. It’s not complicated but there is a lot to know. Multifamily had its own language, metrics, KPIs and financing requirements. The most important thing is the market. You absolutely can’t get that part wrong.