Smart investors want to understand (and limit) their “worst-case scenario.” How about a 750% explosion in joblessness from a 3.5% unemployment in Feb 2020 up to a new peak unemployment record of 30% (worse than even the 1933 The Great Depression Peak of 24.9%)? That is precisely the rental property “stress-test” many respected economists and even members of the Federal Reserve continue to forecast. Keep reading…
It wouldn’t be 100% truthful for us to say that every multifamily deal that we do works out. Or, that every single investor makes the exact amount of money that we hoped they would make. It’s just not true.
This is my story about how I bought a 12-unit apartment building with money raised from private individuals. Lessons Learned from a Deal Against all Odds and a Nightmarish First Year. Don’t make the same mistakes as I did and learn how to raise money to buy your first apartment building.
With the market so hot, many investors are looking outside their own backyards in search for multifamily deals. But where to look?