I am actively looking to invest in multifamily units 50+ properties.
I am just getting started, however I do have a criteria for the acquiring properties. I am looking for properties with 8+ Cap Rate, Cash on Cash Return of 16% and Debt Coverage of at least 1.6.
I am a 24 year old plumber, Who is looking for a way to use my expertise in the construction business, and my general knowledge to set my self up for financial freedom. I am to begin my life as real estate investor.
I am a commercial banking credit analyst. My interest in real estate is from my husband, who was a real estate agent and now a mortgage officer for a bank. We believe in the power of passive income and would like to learn as much as we can about real estate and investing.