Transitioning into Multifamily Buildings
Most rental property owners begin with single-family homes and then small 2-4 unit buildings as these can be purchased with traditional residential home loans, available to inexperienced investors. For those with long-term goals to expand their rental property business, there comes a time when it makes sense to venture into larger multifamily buildings with five or more units. Devin Easterlin of Sterling Johnston Real Estate will review what it takes to make the transition, including how to qualify for a commercial loan, creating a capital plan to ensure sufficient reserves to maintain a larger building, using 1031 exchange to trade up from existing smaller properties, and how to prepare for increased management workload.
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This session is offered ONLINE only. After class, all participants will receive a link to recorded session and downloadable materials for review.
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