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When it comes to multifamily investing, the size of the deals is often the most intimidating, but as we know, with bigger risks come bigger rewards.There is always a reason not to do something. The transition to becoming a multifamily investor may seem overwhelming but many investors make the move into multifamily markets and overcome the obstacles to become successful multifamily investors.
Karma Senge is a multifamily investor with quite an interesting story. Like most real estate investors, Karma cut his teeth in investing in the single-family markets. After entering the market in the early 2000s, Karma had soon acquired over 350 properties in his portfolio and was single-handedly managing them all. After a brief departure from real estate investing to recover from the stress of single-family investing, Karma reentered the market with a focus on multifamily investing. Despite his renewed vigor, Karma had to work his way back from the ground up in the multifamily market, eventually acquiring his first investment on a 6-property portfolio. Karma’s story is one of hard work and perseverance. Karma managed to overcome the obstacles ahead of him and establish himself as a successful multifamily investor in Florida and the Southeast U.S.
- Alternative Financing
- Seller-financing and creative debt options provide an appealing alternative to institutional debt options
- Due Diligence
- Researching markets and properties is imperative before committting to any deal
- Find a Mentor
- Someone who is an experienced multifamily investor can serve as an invaluable source of information and guidance
- Have a Team
- A team of experienced staff or even a partner can help to manage responsibilities and stress
- Community Investing
- It is important to consider tenants when investing in multifamily. Invest in community-oriented projects and developments.
Karma recommends:
Rich Dad, Poor Dad by Robert Kiyosaki and The Big Leap by Gay Hendricks, PhD for those thinking of entering into multifamily investing.
If you would like to find out more about Karma’s investment firm, please visit his website
you can contact Karma via email at karmalodrowsenge@gmail.com