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Updated almost 3 years ago,
1st time triplex/quadplex buyers, share your 1st year experience
I'm about to close on my first multi family. Thinking about self managing. The deal is multiple houses on the same lot spanning multiple acres. Landscaping will be fun!
Please your expectations prior to closing, then any contrast with what you expected, that occurred in the first year. What was it like for the first few months with your new multi family? What were you wrong about? What caught you off guard? Was is more challenge actually finding a good deal and figuring out financing and it was pretty smooth after or the other way around?
What would you change if you could go back in time to before you closed? How much work has self managing been?
Thanks in advance.