How to Buy Your First Multi Family Small Apartment Building
- Thread starter HellBoy
- Start date
Good drop
Good info! In my opinion, he's right on a lot of the points he makes. I'm looking for my second MDU now.
Thank you!!
I appreciate it fam.
Gonna listen
Be back .....
Props for this!!!,!,!
Great post OP
Nice how he broke down the differences between residential and commercial properties and the advantages of owning a commercial property
Nice how he broke down the differences between residential and commercial properties and the advantages of owning a commercial property
It's hit n miss....I go through my share of headaches with my 6 family....you just gotta have the fortitude to deal with it....and deal with it smartly....there are dry periods...and periods where it seems as it...when it rains...it pours !!!
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My cousin owns mad section 8 jawns in Indianapolis and it's a fucking nightmare.
There are some...few good Sec 8........most are nightmares......after experience.... Sec8/T.R.A./S.S.I. ...all translate into: "Nothing to do but sit on my ass, hang around, smoke cigarettes, as my kids tear...ur...place....apart"...long live BeBe's kids !!!
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We rented out our old house to section 8 in the late 90's and those bums wrecked that shit.
hmmmm
REIT shouldnt be more than 5% of ur portfolio
U need a big poetfolio to get into REIT
sub
You'll get richer quicker being a landlord for multiple properties ..if you can't deal with the stress use a property management company. Also, you you can set up clauses in lease contracts that tenants are responsible for 1st $100 of repairs for shit they usually break.
backed up toilets/plumbing are put on my tenants....negligence and neglect.....if the back up is in the main pipe...it's on me only cause I can't pin it on one tenant.....I got one like that tho....6 family is one building....but water/sewer service is split down the middle.....one side had two empty apartments.....the one occupied got pinned with the back up costs cause they were the only ones there for like 2 1/2 months.....useless kids poured grease down the drain !!!
Bookmarked! 
He helped me a lot
You can do both. REITs don't give you the tax benefits that real estate gives you.
Lots of drama , repairs and law suits. I represent some big apartment owners and it’s awful. But I must say that when you have a 250 unit complex, there’s a lot of money to be made. I don’t know about small apartment buildings making money though.
Yeah. I've been looking into purchasing one. I've seen a few for sale
What size and what’s the price range you’ve seen?
^^^
It was a while back...Can't rightly remember.
You in Houston right? Apartments high as giraffe pussy right now. To many investors over paying.
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