Big Apartment Complex Math

[Vincent Chen]

Right now I am in my study and research phase of Real estate investing.

Really like the apartment complex property as the final goal,right now,I am thinking big for really large apartment complex (say,100+ units),it seems investors have to use partnership or other investor group money.

When it comes to math of wealth building,then the equity and cash flow part of the large apartment complex will be divided by the investors/partners.The investor himself/herself only get part of equity and cash flow.

When it comes to financial decisions (refinance/sell/increase rents) will have to go through by investors as well.This might make the strategy hard to make.

If that is the case,what is the real benefit to jump into the really large apartment complex?

One can start with small number (20 units) and with the cash flow and refinance to get bigger number (40 units) and going on and on  to get whole wealth ownership of the units.

So which one is better for wealth building for long term?Anything missing here for my analysis?

Any comments will be welcome,right now I am deciding my long term strategy now,so please enlighten me if I miss anything.