All Forum Posts by: Matt Ritchie

Thank you sir!

I'm looking into purchasing a duplex (or 4) to rent. The same seller has 4 different duplexes up for sale on the same street. I've thought about maybe trying to get all 4 (8 total paying units). They are not listed to buy together but I would try to get a "package deal" of sorts.

My question is since these are all "separate" and not under the same roof, would having 8 units on the same street be considered multifamily residents or commercial real estate?

Thanks guys!

Thanks for the reply Chris! I think that we will probably end up starting with 3-5 units just to get started. Unless, like you mentioned- there's a good deal on a bigger deal.

Is there anyway to get started in real estate/property management w/o experience? I've been looking at jobs in the field just to get my foot in door. Most jobs want "x" amount experience as a requirement. Would I be better off just continuing to research instead of trying to get REAL experience?

My Name is Matt, I'm 25 and as the title states: I'm interested in MF units and apartment complexes (in the Midwest). I've been doing my research through BP Blogs, Podcasts, and other business/real estate books. This forum is a great resource and I've learned a lot over the last couple of months! My main newbie questions are: would it be better to start small with a 3-5 unit or jump right into an apartment complex with somewhere between 15-30 units? My business partner and I are leaning towards starting small and working our way up. Learning the "game" and getting our feet wet while also getting some cash flow. House hacking is also an option as we're both college grads living with parents to save some dough. We would love to get out on our own so maybe house hacking would be a good start. Any advice would be greatly appreciated! Glad I stumbled across Bigger Pockets

I would like to hear some "experts" answers on this as well. Though from what I have read, it's probably not a good buy if you're going to have to pay the utilities. I'm not sure how you would go about telling the tenants they now have to pay an extra X amount of dollars for utilities that they have never paid.