For most new investors, buying an apartment building might seem like a daunting task that's too difficult or expensive to achieve. I used to think that myself, until I closed on my first 12 unit apartment building, and realized that the whole process isn't that much different than the process I'd already learned to buy a smaller rental property. The biggest benefit is the scale - with one purchase I was able to double my portfolio, while buying an asset with many tenants to mitigate the risk of a few vacant units hurting my cash flow.
In Business Since: | 2000 |
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