How did you land your first apartment deal?

[Patrick Flanagan]

I am curious how you landed your first apartment complex?

Did you have lots of experience in the real estate?

Was it your first multi family purchase?

Did you have a partner?

I would like to buy my first apartment complex and I’m curious what route would the best option.

[Charles Seaman]

@Patrick Flanagan I landed my first multifamily deal through persistence and hard work.  It was my first real estate investment, but I had 14 years of experience working for a commercial real estate investor, so I was well versed in it.  I had multiple partners because I went the syndication route.

For you, your path might be different.  The first questions that I'd ask myself if I was in your shoes would be as follows.

1.  What is my level of expertise with multifamily?

2.  What is my personal risk tolerance?

3.  How much money do I have access to?  This can be your own money or other people's money.

Then from there, we can help determine which path might be best for you.