Should I start buying duplexes, triplexes, fourplexes and work up to larger multifamily communities?

Good question.

Not if your goal is to make money and have an easy life. The far easier path is to find an experienced general partner and then invest with him as a limited partner. The general partner will then do all of the work.

Instead of building a small hobby collection of a half a dozen low quality assets you can get into some large 100 unit+ multifamily communities and not lose any of your time.

Now if your goal is to become a professional real estate investor that works full time in multifamily this is still not the best way. You would do better to work as a commercial real estate agent that specializes in multifamily for a few years to learn the business and to then start putting together your own syndications.

Buying small assets that don’t have enough scale to support professional property management is just going to generate a lot of headaches over time. Sure you may obtain an insignificant collection of 10 or 20 units doing this but why waste time? It would be better to do what works where you invest with an experienced general partner.

If you are the type of person that wants to do things the easier and more efficient way, I created a group that can help you learn how to invest.

My group, the Benjamin Z Miller investor networking group meets every Sunday on Zoom. I created for new and experienced investors to network and make more contacts.

Once you attend one of the Sunday meetings you will receive a Google Sheets document with the phone and email of the other investors that attended.

From there you can reach out to numerous multifamily investors. I also am good friends with some of the best well known multifamily investors so if you need an introduction to a particular investor in some cases I can help you.

Before you do any investing you should invest more time and money in your financial and legal education. I offer education and training to landlords, engineers, doctors and dentists, and many others that would like to learn how to enjoy the benefits of multifamily as quickly as possible. If that sounds interesting contact my office by going to www.benjaminzmiller.com and fill out the contact form.

You also can register at meetup.com at the link below:

https://www.meetup.com/benjamin-z-millers-investor-networking-group/

I hope that helps and good luck with your investing!

Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
[email protected]
https://www.linkedin.com/in/benmillersells/
https://twitter.com/BenjaminZMiller