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.
What if I told you it is possible to reduce one of your largest expenses by as much as 50%? It's completely true, and I'm going to "spill the beans" on how to do it.
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.