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Updated over 5 years ago on . Most recent reply

Kevin Isaacs's profile image
Kevin Isaacs's profile image
Kevin Isaacs
  • Real Estate Agent
  • from Phoenix, AZ
  • Member since Feb 15, 2019
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Kevin Isaacs's profile image
Kevin Isaacs's profile image
Kevin Isaacs
  • Real Estate Agent
  • from Phoenix, AZ
  • Member since Feb 15, 2019
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Kevin Isaacs
  • Real Estate Agent
  • Phoenix, AZ
1
Votes |
5
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Multi-Family and Apartment Investing

Multi family unit mixture

Kevin Isaacs
  • Real Estate Agent
  • Phoenix, AZ
Posted

I am looking for my first multi family complex. What are are to pros and cons of buying a property with 16 studio apartments and one 1+1. This property is a motel converted to apartments. 

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Jake S.'s profile image
Jake S.'s profile image
Jake S.
  • Rental Property Investor
  • from Minnesota
  • Member since Nov 9, 2017
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Jake S.'s profile image
Jake S.'s profile image
Jake S.
  • Rental Property Investor
  • from Minnesota
  • Member since Nov 9, 2017
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Jake S.
  • Rental Property Investor
  • Minnesota
554
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863
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Jake S.
  • Rental Property Investor
  • Minnesota
Replied

Hey @Kevin Isaacs

A couple cons for small units like that is you can only collect so much rent from studio apartments, and the tenants generally don't stay as long from my experience.

Does this property you speak of currently cash flow well?

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