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Updated almost 10 years ago on . Most recent reply

User Stats

66
Posts
14
Votes
Kory Clark
  • Flipper
  • Macedonia, OH
14
Votes |
66
Posts

Small Apartments

Kory Clark
  • Flipper
  • Macedonia, OH
Posted

Hello Everyone,

I've been looking to househack duplex, triplexes and fourplexes but recently I've came across two small apartment buildings. One is 8 units and the other is 13 units. Would it be possible to do the same thing with the apartment buildings (rent out the other 7 or 12 units while I live in one)? I have a goal of owning 5 duplex's (10 units) but if I could own one building and cover my goal in one purchase would that not be a better idea? (and hire a property management company to run the building for me) Any advice or comments on how I can get this done? Or would it be smarter to stick to buying one duplex at a time?

Most Popular Reply

User Stats

1,071
Posts
268
Votes
Melissa Gittens
  • Real Estate Broker
  • Windsor, CT
268
Votes |
1,071
Posts
Melissa Gittens
  • Real Estate Broker
  • Windsor, CT
Replied

@Kory ClarkI am following a similar buy and hold strategy. I plan on having a portfolio of mixed properties ie some SFR and Multi. My end goal is to have many apartment complexes in Connecticut and Florida.

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