Is multifamily a good way to create generational wealth?

Good question.

Yes, multifamily is one of the absolute best ways to create multi generational wealth. As the years pass and you continue to have your property management companies raise rent on the tenants this can be a great way to keep earning good money from generation to generation.

The key thing with multifamily is you need to avoid some mistakes.

Don’t self manage a multifamily investment. Unless you have worked in property management many years you have no business acting as a property manager.
Don’t act as a general partner on your first deal. It is better to invest as a limited partner. You need to invest with an experienced general partner that handles and controls the deal.
Invest in larger (more than 100 units) sized apartment communities. You typically only need 100,000 to get started with investing as a limited partner.

I offer education and training to landlords, engineers, doctors and dentists, and many others that would like to learn how to enjoy the benefits of multifamily as quickly as possible. If that sounds interesting contact my office by going to www.benjaminzmiller.com and fill out the contact form.

If you want to learn how to invest, you should register for my free weekly investor meeting to learn more:

https://www.meetup.com/benjamin-z-millers-investor-networking-group/

I hope that helps and good luck with your investing!

Benjamin Z Miller
www.benjaminzmiller.com
1-817-203-4160
[email protected]
https://www.linkedin.com/in/benmillersells/
https://twitter.com/BenjaminZMiller