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Updated 4 months ago,

User Stats

105
Posts
21
Votes
Daniel Sabato
21
Votes |
105
Posts

Struggling to get started with my first multi-unit

Daniel Sabato
Posted

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?

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