Many investors start with single-family houses when they're beginning their investing journeys. Is moving into multifamily a natural progression over time? Or is it possible for new investors to start with quadplexes and apartments right out of the gate? And can you be "big-time" sticking with single-family houses?
And get answers to MORE questions:
How do you calculate "the numbers"? And what are the practical differences in managing SFRs vs. multifamily?
We've invited four KREIA investors to answer questions like these and give us their take on investing in single-family houses vs. multifamily:
Mark Lechner: Mark is a longtime KREIA member and a Past President -- and one of our organization's biggest success stories. He and his business partner, Chris Dischinger, started out with modest single-family houses, then they leveraged their way to becoming one of the largest builders of apartment communities in the nation. Their business, LDG Development, builds affordable housing communities here in Louisville and across the country. How in the world do you pilot that rocket ride up?
Karen McKnight: Karen started investing a few years ago -- and began with multifamily right out of the gate! She acquired a couple of quadplexes and then began a serious pursuit of real estate investing education. She is on KREIA's board and has become our official tour guide for L.O.T.S. event videos. She will share her journey on what it's like to dive into the deep end.
Clay Smith: Clay joined KREIA in 2014 and is another success story for our group. Not only is he a "many-doored landlord," but he is also a prolific entrepreneur, launching and managing the LREI Property Management and Reliabuilt Contracting businesses! Clay has also served on KREIA's board.
Donnie Adkins: Donnie is another prolific landlord and entrepreneur. Follow him on Facebook as he finds and rehabs houses and takes us inside the life of an investor. Donnie currently serves on KREIA's board.
These four investors have a wide range of experience, and you are going to learn so much from them! Bring your questions!