My journey has been much like playing Robert Kiyosaki's popular game CASHFLOW®. I started by doing small deals, then gradually moved on to doing bigger deals. But, looking back, there is at least one thing I would have done differently. While I was building my portfolio, I would have partnered with a sponsor on a larger deal.
Stop Pouring Your Multifamily Profits Down the Drain—LITERALLY!
Be an Engaged Property Owner & Multiply Your Returns
I have always been a huge advocate of using professional property management. That doesn't mean you should take a complete hands-off approach though. The most successful multifamily real estate investors I know are all active owners, or they have delegated the responsibilities to an experienced asset manager.
