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Updated about 6 years ago, 10/30/2018
First time investment/ property manager?
I’m new to real estate but will be investing before 2019 is over. My goal is to buy a multi family. Something to base my question off of: I work 60+ hours a week in construction and trying to grow that so my personal time is limited. I am renting so I do not have a home.
Mostly in my area you’ll find duplex’s. Though there are up to 4-plex. I do plan on living in one of the units if the property is in a good location. If I have to purchase something out of town I will no doubt hire a manager.
Question- after I make my investment would it be a potentially bad or good move to hire a prop manager being that this is my first property? I would like to leave the 10% in my pocket rather than hire someone but I can’t be confident that I’ll have the time to grow my business and take care of tenants simultaneously.