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Updated over 5 years ago on . Most recent reply

Account Closed
  • Specialist
  • San Antonio, TX
351
Votes |
865
Posts

I Want to own apartments without syndication is that possible?

Account Closed
  • Specialist
  • San Antonio, TX
Posted

I have been investing for approximately 18 years and it has been in Single families. I've done most kinds of SFH deals.
Flips, wholesale, rentals, wraps, etc. Early on in my investing journey I had a partner and we bought a number of SFH together and ended up needing to liquidate due to needing to end the partnership. 

Since then I have done deals, and currently getting paid monthly on approximately 34 SFH. I have looked in to apartment investing, but I'm not wanting to just do value adds and sell. I want to own apartments Long term for the cashflow. I don't want to syndicate. I talked with one syndicator and was not convinced to invest as a money partner, whereas I'm turning my money at a much greater return with single family houses.

My tax returns do not show a lot of profits and I have been self employed almost all of my life. If I keep buying single family for a few more years then I could retire in the near future if I wanted. 

I’m hoping to buy 20 plus apartment buildings with no partner other than my wife. Am I dreaming or can I do this solo?

Most Popular Reply

User Stats

258
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207
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John Lenhart
  • Rental Property Investor
  • Cincinnati, OH
207
Votes |
258
Posts
John Lenhart
  • Rental Property Investor
  • Cincinnati, OH
Replied

No you are not dreaming. I would start with your comfort zone, get a four family or two. They work similar to single family only with a few people under one roof so you get economies of scale. Then if you are comfortable it can get real fun. Start trading In single families for larger commercial properties. Get great economies of scale and tax benefits too. Of course you don’t have to turn in any single families, you can keep them if you want. 

There is no rule that you have to sell your apartments in 3 or 5 years. I know many people who have held them for 30 years or more and enjoyed the cash flow from it

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