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Updated over 9 years ago on . Most recent reply
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New member from Houston
Whats up everyone? I'm introducing myself obviously. My name is Jeremy Kersten and I am an aspiring real estate investor like most of you. I have not yet done any deals. I recently started listening to the BP Podcast during my cardio work outs at the gym. I went all the way back to episode 001 and started there and today I listened to 009. I love reading anything on business, real estate, investing, leadership, motivation, self help, and personal growth. My hobbies include home brewing beer, fishing, and white tail hunting. I look forward to learning and interacting on BP and maybe doing some business with some of you!
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I find that to be true with multifamily meaning 2-4 units. (I think multifamily means apartment complexes depending on who you talk to.)
The thing though that I ran into with multifamily is that their values like single families are heavily based on comps which is a double-edged sword depending if you're the seller or buyer. With bigger properties you can start playing with numbers and that counts for more. I'm in the process of my buying my third duplex (affordable quads have been hard for me to find) and ran into that problem recently. Not too happy with what I consider overpaying but I can still turn a profit every month.