How Long Did it Take You to Buy Your First MF Property?

[Jacob Maes]

How long did it take for you to buy your first multi-family property? Did you start out with SFR then move to MF or did you go straight to MF. If you have something larger than 6 units, how long did it take to acquire that property?

[Account Closed]

@Jacob Maes It took us about 4.5 months to find it and closed it around the 7-month mark - 173 units.  It's certainly a game of patience and waiting for the right deal.  I wouldn't say all deals take that long...I have partners who are acquiring 2-3 large properties/year. The first one can be the most challenging as you're building credibility and broker relationships - hard to go into it "brand new" but easier if you have a partner/coach that you can leverage their track record.