I want to start investing in real estate, I would like to start with multifamily homes and work my way up to o

In Buying Property - Asked by Allieu B. - Nov 9, 2011
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Answer(s)

Scott A.
Broker/Agent
Fort Myers, FL

Multi-Family investing is getting a lot of ink right now. Simple reasoning is that its' cheaper to rent than buy and areas like the NY Metro areas are exploding with increasing rents thus resulting in lower cap rates due to investors jacking up their asking prices. If you can find balance in the market, investing in multi's is the way to go. For what it's worth, my opinion of the multi family market is that the 3 classes are trading as follows: (Excuse my explanation for Classes but its as simple as I can put.
Class A (newer)- 4-6% Cap Rate
Class B (kinda new, not really) - 6 - 7.5% Cap Rate
Class C (older) - 7.5 - 10% Cap Rate
Check out our website for local Northern NJ info. Also don't forget to ask me why my firm is investing in the SW Florida market

Nov 10, 2011
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Alfa Z.
Listing Administrator
Mataram, NB

maybe you interest to Indonesia, go holiday, do business.
Regards
Alfa

Nov 11, 2011
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Garman S.
Owner/Investor
Cedar Rapids, IA

Hi Allieu,
This is a great approach because investing in multifamily is something everyone has some exposure to - either we have lived in apartments or have at least had some familiarity with it.
I would recommend starting with your education - there are many books and courses on investing in multifamily properties. Make an investment in yourself first and gain some education.
Next, identify the goals you want to achieve through investing - are you looking for cash flow now, or to make large asset gains in the next 5-10 years. Every investor has a little bit different criteria so it is important that you identify your personal goals and criteria before buying...or you may end up with a property that doesn't help you reach your goals.
After that, take action...and continue taking action. It all starts with your first property, so get started after you have spent some time and investment in your education. After you get that, keep going. No one has become rich with a duplex, so real success is gained over time with multiple properties. Staying in the game is important for long-term success.
Best of luck, and get started! There is no better time than now to get going on your future.
By the way, if you liked this, you can take a look at one of my articles below:

Nov 11, 2011
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Henry P.
Broker/Agent
New York, NY

Hi Allieu,
The best advice for you or anyone else that wants to start investing in real estate is find a licensed real estate salesperson that is a landlord and owns real estate they can answer your questions from there real experience not from what they learned in a class room.

Nov 17, 2011
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Alma G.
Owner/Investor
Palmetto, FL

for scott a. "why is your company buying in South Florida?"

Nov 19, 2011
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Pam W.
Broker/Agent
Fort Myers, FL

We have several multifamily homes available in SWFlorida ie. Fort Myers/Naples and a great deal in Punta Gorda.

Nov 28, 2011
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