Pros and Cons of C Class Apartment Buildings

[Judson Offner]

I am interested in hearing from the BP Audience what the Pros and Cons are for C Class Apartment Buildings.  I am looking to purchase one and this would be my first Apartment Building.  18 units.  The deal seems right, but not sure about C Class properties.  I plan on having a property management company take care of it.  Thanks.

[Greg Dickerson]

A lot of factors to consider. Location and market is a big one. I like class C if the location is good and market demand is strong. You need to know what you’re doing and not overpay. C properties can be very lucrative or they can clean your clock.