Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 1 year ago,

User Stats

8
Posts
6
Votes
Diane Forgy
Pro Member
  • Investor
  • Leawood, KS
6
Votes |
8
Posts

6 condo package vs. small multi-family

Diane Forgy
Pro Member
  • Investor
  • Leawood, KS
Posted

Although I'm leaning towards a more passive investment in a 1031 exchange, I did start to explore some property options in my local market.  No interest in self-managing and would be a new active multi-family investor if I do something.  Looking at a slightly under valued package of 6 condos (townhome style) in the same community in an A rated location vs. a few different small multi-family properties in more B to B- or C+ locations.  The cost of the condo package vs. the lowest price MF in a B+ location is nominal.  The other MF are as much as 80% more but do offer more units/revenue, etc.  Condos are newer in a suburban area, while the MF's are mostly urban or lower end suburban.  In general, what would be tougher to finance/refinance, manage, maintain and re-sell?  

Loading replies...