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Updated almost 9 years ago,
Discouraged... mentor said anything <500k not worth it..
Hey guys,
A mentor of mine said in one of his videos that investing in commercial apartments (5 units or greater) is usually not worth it if the purchase price is less than 500k. I mean, I'm sure there's a point to what he's saying but I want to know if it's possible to have a successful apartment complex business (5-50 units) for the $250-500k range? He probably means it will take more work, but is the extra work worth it? I'm still relatively young, so I may have the spirit to be able to put up with it for now.