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Updated almost 5 years ago on . Most recent reply
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Multi Unit Housing beginner
I am new to investing but I don’t want my only way of investing is flipping homes. What is the best strategy to get into purchasing multi family properties?
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IMO these strategies would be steps in the right direction:
- Look first at buying a duplex, triplex or 4-plex. You can get conventional financing on those and build valuable skills then go after larger buildings as you grow.
- Read the ABC's of Real Estate Investing by Ken McElroy
- Find a mentor that has done multiple deals and is willing to help you evaluate deals that you come across.
Best of luck in your journey!