Are you curious about multifamily investing, but not sure how to add this strategy to your business?
Well, you’re in the right place because in today’s lesson, I’m giving you three helpful tips for investing in multifamily real estate.
Chris Urso here, breaking it down. Look, multifamily investing is not so scary or overwhelming, when you have this info.
Let’s get right to it…
#1 - Rental Market Survey
When you’ve found a property to invest in, you must do a rental market survey. This will tell you how your local market is performing.
How do you conduct a survey?
You could do online research, or you could drive around and find all similar properties within a 5-mile radius – and call them up.
You’ll want to speak with the property manager or leasing agent as if you’re a potential tenant. Sometimes, these people are you best source of information because they’re going to dictate how that…
Christopher Urso
is the founder of URS Capital Partners and National REIS. Chris has been investing in real estate since 2001. Over the years he has been involved in all aspects of real estate, from single-family fix and flips, buy and hold cash flow houses, and finally to apartment buildings. His real estate investment career only took off when he purchased his first apartment building 3.5 years ago. He now controls over $15,000,000 of apartments and has raised over $8,000,000 of private money in just over 3 years. He now structures investment partnerships to acquire large apartment complexes and also private coaches investors helping them purchase their own apartment buildings.