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Updated almost 10 years ago,

User Stats

11
Posts
2
Votes
Kristin Compton
  • Colorado Springs, CO
2
Votes |
11
Posts

Starting out with medium multi-family property?

Kristin Compton
  • Colorado Springs, CO
Posted

Hello everyone.  I have been reading and listening to podcasts for a few weeks now, and looking at real estate deals online.  I am excited to get started, but I have a ton of questions!  My husband has started the process of getting his real estate license and we are  learning as much as possible before we get into it.  My big question for now is, "Is it a good idea to buy a 14-unit rental property as a brand new investor?" I was thinking about going for a business loan to finance and also paying a property manager.  I need to research all of the specifics first, and this obviously might not be "the one".  I'm just looking for pros and cons of starting out with something like this.  I think my market might be a little saturated with single family home buyers and investors, which is why I'm leaning toward the multi family niche.  I know I have a long way to go with analyzing this stuff.

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