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Updated almost 10 years ago, 02/07/2015
Larger apartments Vs Smaller Apartments
Hi all,
For the past 6 months I've been looking for 20-30 apartment units to purchase, but have been having a hard time finding deals that make sense. They're selling at 8 caps stabilized with not much value add opportunities availability in the centra Florida region, if any at all.
I was wonderig if anyone has ran into this challenge and opted to buy several smaller properties instead of just 1 large one? I was debating of buying several 2-4 unit properties instead of just 1 larger 20 unit.
Any insight would be appreciated, thanks!