Active Duty Passive Income Blog

Our military oriented real estate investing blog.

 

 

Anatomy of a Multi-Family Deal: 55 Unit Breakdown

Jun 29, 2019

Anatomy of a Multi-Family Deal: 55 Unit Breakdown

 

In a previous blog, How I House Hacked Into Multifamily, I announced that we’re under contract on a 55-unit multifamily (MF) deal in Spartanburg, SC. A few have asked about the process of purchasing multifamily properties from beginning to end, so here’s my path from beginning to present. I’ll note that a few months ago, I teamed up with a like-minded partner that I met through a forum similar to ADPI, and it’s been extremely beneficial. Multifamily begins and ends as a TEAM SPORT!

 

Commitment 

Up front, a key step in the process is actually committing to make MF investing work. I will retire in 2021 and am not making any other plans for a j-o-b afterwards.  No plan B, just this. I also put some money where my mouth is and took $25k out of my financial freedom account and bought in to a mentoring program through the Michael Blank network. Finally, to get the ultimate partner on...

Continue Reading...
Close

50% Complete

What's the best email for your FREE copy of the Military House Hacking eBook?