Scaling to Larger Multi-Family Properties

[David De La Torre]

Hello fellow real estate people!

I would like some advice on how you've scaled your real estate business from single family properties to larger multi-family properties. After finishing a single family deal, I learned that I now want to work on deals that are more lucrative. I see myself investing in large multi-family and apartments, with other investors too! I know there are deals out there but I'm aware that they're not always posted on the MLS and aren't as easy to find. Areas I like to invest are in the Northeast side of the country (I currently invest in Cleveland, OH).

I would appreciate any information on how to find these type of properties and how to approach this type of real estate investing, thank you!

[Benjamin Aaker]

Hi David,
I was in a similar place to you a few years back. I had a bunch of single family properties but having to repeat everything for each property seemed inefficient. I found an 8 plex on the MLS. It was in a smaller community outside of the big city. I would think in rural Ohio within an hour drive to Cleveland would be your area. There was some value add and I was able to manage contractors on it since I lived close. These areas generally have steady rent growth but not huge jumps. They are a good way to get started.