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Updated about 6 years ago on . Most recent reply

User Stats

52
Posts
21
Votes
Clark Michael
  • Property Manager
  • High point, NC
21
Votes |
52
Posts

Moving in to apartment complex deals

Clark Michael
  • Property Manager
  • High point, NC
Posted

I have bought, held, and sold duplexes here in NC. I am looking to grow in to larger apartment complexes in NC and possibly other states. What areas have people had to best experience ? What are the main things to watch out when you get in to larger projects?

Most Popular Reply

User Stats

3,016
Posts
3,659
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Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
  • Rental Property Investor
  • St. Paul, MN
3,659
Votes |
3,016
Posts
Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
  • Rental Property Investor
  • St. Paul, MN
Replied

1. Over-paying

2. Buying a value add because the broker said it was

3. Buying in bad areas because it's cheap

4. Not underwriting closing cost and inspection fees/due diligence fees properly

5. Being under capitalized. Have 9-12 months of P&I payments in reserves up front. 

6. Thinking the money will come if you find a good deal

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