Things to know about multi Plex buying

[Chris Messersmith]

Hello everyone a little back story about myself, I am currently in college in Richmond VA and will be graduating in May. I will be hopefully join a CRE team in the Richmond area. I want to once I graduate get a 4plex due to the fact that it could pay for itself and give me some extra income. Also it's still considered residential and you can get better rate. what I want to know is: what are things to look out for as a first time home buyer specifically a multi Plex? what are some hurdles you may have over come while taking over from the previous owner? How do you deal with the renters in the same building as your neighbors? if improvement are needed to the property how did you go about that? Really any kind of information that would better help with the owning of a multi Plex. Also if you've had a bad experience with renters I want to hear about that. thanks to all

[Marion Nicholson]

Hi chris , I'm a investor in Richmond also and I would suggest not revealing you are the owner. Put in a LLC and act as the manager of the property to against neighbors knowing you own it