Multi Family for Beginners

[Isaiah Stiverson]

Hey all Multifamily investors, I am relatively new to the multifamily space, and I have been doing research for several months now. I have a good foundation through books, YouTube, podcasts, BP, etc. The plan is to start making offers in September. I know closing deals is easier said than done and there are tons of steps to closing, but I am ready to grind my way to financial freedom. I am 24 and the goal is financial freedom by 30!
For all of you experienced investors, what is you best advice for someone starting out, and what specific action/ research should I be taking the next couple months to be ready to make offers in September? Also please reach out if you have any insight in multifamily or the Cincinnati and Dayton, OH area. Thank you in advance to all responses! I am looking forward to sharing my progress with the community!!

[Jackie Arrondo]

I am in a similar spot as you. I am 25, getting into REI, and I am actually about 2 weeks away from closing on my first investment property. Definitely exciting and stressful all at the same time. One of the biggest things for me was having an approval letter in hand for when I was putting in offers on properties - this definitely saved me time since deadlines for offers were quick turn arounds in this market. Outside of that, building the confidence to put in the offer and trust what you have learned. I put in multiple offers before getting my current one accepted, but putting in that first offer made the REI and path to financial freedom feel more real. Hitting bumps along the road during the contracting/closing process, but you're taking the right steps of educating yourself and reaching out! Keep it up. Hope this helps a bit even though I am not a seasoned investor - yet. Feel free to reach out if you need anything.