Struggling to get started with my first multi-unit

[Daniel Sabato]

This is an insanely open ended question but the sum of this is that I'm having trouble getting started in multi-family and apartment buildings. I've done the single family method and it was too slow for me and just ate up too much time, although I learned a ton. I'm struggling to find deals and the numbers just aren't working. I have a few options to either use a cash down payment or tap into my primary home equity, about $400K worth of it. The numbers especially don't work when I go the equity route and factor that into the cashflow. But at the same time, I feel like this chunk of equity is a huge asset I should be tapping into to get moving. Any tips for someone like me?

[Samuel Diouf]

Hey Daniel, if you have cash in hand as well, I suggest looking into other markets where there are still plenty of deals available. 

Have you looked into Ohio markets such as Columbus? A lot of investors based in markets like California and New York are choosing to purchase their investments OOS in the Midwest because of the affordability and numbers making more sense.

Prices in Columbus are still low enough to find 1% rule deals and there's a ton of appreciation happening in this market as well. I actually moved from Florida to Columbus for the real estate. I saw how fast the city was growing and decided to make the jump.