Multifamily Real Estate
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Frank Roessler is the founder of Ashcroft Capital, LLC, a multifamily real estate investment firm based in Westwood, California. Frank Roessler plays a central role in all operations of the firm, including identifying investment properties in target markets.
Like most other real estate sectors, multifamily requires a certain level of industry-specific knowledge to ensure success. Here are three tips to help new multifamily investors boost the performance of their real-estate portfolios.
Start with single-family properties: Instead of diving straight into a multimillion-dollar multifamily investment, start with a smaller single-family home. Not only will you become familiar with the real-estate industry, but you will also minimize your risk profile early on in your career.
Network aggressively: Real estate is an industry built on professional and personal networks. Networking contacts can notify you of new investment opportunities or connect you with people in target markets, saving you both time and money. Always be on the lookout for networking opportunities and new contacts.
Stay committed: The most successful multifamily investors are the ones who devote regular time to real estate every week. Ideally, you should try to devote at least an hour to real estate every day. This will allow you to keep tabs on prospective properties and begin thinking like a savvy investor.
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