I have some cash on hand that I'd like to put to use in Real Estate. I've become convinced that I'd really like to put it to use in the Multifamily space, but struggling with the best way to do it and looking for recommendations from those of you with more experience.
I can sit and tell you about "deal criteria", but that's pretty pointless when I'm still unsure about execution.
So, I'd like to put ~$150-250k towards this investment. I do have a few friends that I could potentially get to co-invest, but that's definitely not guaranteed. I'm currently in a Tier 3 city where I could get SOME smaller MF properties on my own conventionally, but they're probably not exactly what I want.
As I see it my options are:
1. Look for a 4-8 unit B/C property and purchase it myself
2. Try to get co-investment and get 10+ B units (which is more where I'd like to be).
3. Invest through a Syndicate (although I don't think sending Grant Cardone $200k benefits me as much as it does him).
4. Try to syndicate something of size myself and get 100+ B Units (which is where I want to be eventually)
I'm open to any suggestions. Given my lack of real estate experience I tend to think #4 above is unrealistic, but with my professional title (CFO), experience (CPA/ Corp Fin) and knowledge I might be underestimating that a little bit. Also, I'm not looking for the huge syndicate/management fees, I'm truly look to co-invest.