I found 9 unit multifamily in Daytona Florida price is $845,000. Is it good multifamily investment?

Good question.

No, that does not sound good as a first investment. There are so many things wrong with this but let me start with several mistakes you are making:

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.
9 units is not big enough. You want to invest in deals that are over 100 units. You typically only need 100,000 minimum to invest in these sorts of deals.

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
ben@benjaminzmiller.com
https://www.linkedin.com/in/benmillersells/
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