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Updated over 15 years ago,
Question about investing in apartment buildings.
Hey Everyone,
I was wondering if I can get some input from all you investors out there. Basically I have been rehabbing properties and buying/selling land full time for almost 4 years now and thinking about getting into apartment buildings for cash flow. I have basic/minor experience with renting out and playing the landlord, I was curious though what size building everyone would say is a good size to start with 4-6 unit......4-8 units...I dont want to go much bigger then that as I know alot of things can go wrong. I will be focusing on properties that are all ready in good condition so nothing major would have to be done by me or anything. I have 40k in reserves just in case I have non-paying tenants or repairs or anything else of that sorts. I still have money for the downpayment and etc on the purchasing end but really have no experience when it comes to bigger buildings.
Any help or info would be great
Thanks
Adrian