Want to invest, How to Build a Multifamily Complex?

[Franco Ruben Vargas]

Hi all!

I'm pretty new here at bigger pockets, I read the book of rental property investing and it was great. But I wanted to ask for advice. I received a nice cash after selling my company and I want to use it to build a solid passive income source. I'm thinking about investing and building a mid-rise 5 story apartments building (50+ units) But I have no idea where to start. Can anyone tell me where can I learn what everybody should now to build and own a multifamily building? I'm thinking about south florida as a nice place to invest.

I'll appreciate just way too much if someone can share some advice.

BIG THANKS

[Michael Le]

It's a pretty involved and complicated process, especially for your first investment. Why are you looking at doing this vs buying an existing property? No one will be able to tell you everything you need to know in a post that would take at least a book to answer. But at the very least you should start with an feasibility study on a specific piece of property and then engage a civil engineer and architect early on.