All Forum Posts by: Rick Singh

Wow, thank you for all the thorough replies, it really helps me out! Looks like every single person recommended multitenant and I was hoping that’d be the case. 

I kinda had my heart set in that direction, but then I read about gathering investors, getting a sponsor, syndicates, and I was like “wow, not for me”. Glad to see that being an “on my own” attitude will still be doable with smaller deals. 

I've gone ahead and grabbed a few MFR books/courses and will slowly work my way through them in my spare time and be better prepared.

Also wanted to add. When I’m speaking about MF, I’m thinking 10-12 units type of thing with 30% down vs single family homes. 

I’m looking to get into real estate in the next 6 months or so, and would like to pick up some books and attend a couple courses in my free time to be better prepared.

Some information about me:

- I own a building maintenance and janitorial services company that provides me with a $400-450k annual salary. I’m looking for a place to start investing a good portion of this money. 

-I live in San Diego and would like to invest locally in the San Diego Market. 

-Minor repairs, carpet cleaning, tenant turnover cleans, etc is something my company does already (albeit for commercial office clients), so getting a “tenant call on a weekend to fix a sink” isn’t a large consideration. 

-The manner in which I plan to invest is buy and hold.

-My biggest criteria: I have no interest in going into deals with partners, owning part of a property, finding and bringing on other investors, etc. I really would like this to be a “solo” deal. I’m not speaking to a team of accountants, lawyers, etc...just specifically as it relates to ownership. 

If this was your criteria, would you be looking to get into SFH or MFH, and why? Thanks in advance!