Is it a good idea for me to become an investor in multifamily?
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[{"id": "gkltb7b", "text": "It\u2019s a good idea if you can get into the right asset at the right price.", "replies": [], "depth": 1}, {"id": "gklx3ka", "text": "I tend to think anyone who spends 500k on an entrepreneurial feeling will be broke soon.", "replies": [], "depth": 1}, {"id": "gklxxwm", "text": "That\u2019s all very integral experience. But do not rush to make an investment. Keep saving, perhaps invest in something with liquidity and low volatility (Index funds perhaps), and start learning how to analyze asset performance.\n\nReal estate is a marathon, not a sprint. Biggest mistake you can make is rushing into a deal just to do a deal. \n\nYour head is in the right place (multi-family is fairly resilient long term) and you\u2019re getting some solid training but it does not sound like you are really that near ready to make a deal of your own.", "replies": [], "depth": 1}, {"id": "gklynp8", "text": "Your internship is definitely good training, but it won't teach you everything you need to know. My recommendation would be to find a knowledgeable partner to do a smaller deal with. If you really want to go it alone, I'd learn as much as possible - books, podcasts, local meetups, etc. - and then look for a small property to invest in yourself. Even if it's a duplex, it will give you good experience. Make sure you have a solid reserve fund in place because there are bound to be unexpected costs. Scale up once you've learned some lessons from the smaller property. As you seek financing, the lenders will want to see your experience, so jumping straight into a larger property by yourself will be tough even if you have $500,000.", "replies": [], "depth": 1}, {"id": "gkmhrjr", "text": "Chk with your parents. It can be a cash cow or bag holder like now. Many tenants are behind with rent.", "replies": [], "depth": 1}, {"id": "gkn3539", "text": "Post is being removed for violating post requirement number 2", "replies": [], "depth": 1}]