All Forum Posts by: Julien Rickard

Wow thank you so much for you much needed expertise, input and advise. My strategy is to purchase my first 5 via cash. I currently working for a funding company and we have funded a couple of property management companies who have turnaround and used the capital to purchase multifamily units from the 15k-40k realm in the Cleveland area, south & central Florida area along with Texas. After speaking with the 3 property management companies we have funded they, advised they can facilitate the etire process for me, from the real-estate side of locating the property , rehab and renovation title services along with legal assistance and lastly the property management side of locating & qualifying renters for the unit. The price range I am looking to spend for my units are between 20k-30k each in these areas or suggested. They have advised me that, this price range is very doable. I am confident through the bigger-pockets forum and wealth of info along with the first set of purchase I will be able to get my feet wet and in the door to multifamily ownership. The next phase, would be that once I have acquired and went through the learning curve of the first five, is next to move upto a larger apartment complex of 10-20 units secured with a loan by using the collateral of the 4-5 properties that I own outright. I think that will enable me to do so, as I will have more leverage and lower my risk and out of pocket expense. But don't know the details and full intricacies so that's why I am here. Any input would be greatly appreciated.

New the Bigger Pockets community and looking to increase my knowledge in the multifamily investing side of real estate investing along with purchasing 5 units a goal for my first year. I would love to concect with like minded investors who have "boots on the ground" learn as much as I can from them along with creating a team for each state that I am looking to purchase multi-families in.