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Updated about 5 years ago on . Most recent reply
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Easier to Buy, Harder to Make Money.....
Just remember, while fewer units would appear easier to buy, they are harder to keep long term and much more difficult to make money on.
Why?
Because fewer units reduce your economics of scale and will never allow the property to produce enough income to warrant the work involved.
What do Walmart, Amazon, Facebook, Coca-Cola, Sprint and AT&T have in common?
They have scale. The sell lots of units every day, not just a few.
In real estate, the fewer the doors the easier it may be to buy and the harder it is to make money.
-GC
Most Popular Reply
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Amen. Now the only challenge is finding the necessary capital to support a scale up strategy! Any tips?