Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 5 years ago on . Most recent reply

User Stats

16
Posts
6
Votes
Justin Elkins
  • San Angelo, TX
6
Votes |
16
Posts

18 unit apartment in Texas

Justin Elkins
  • San Angelo, TX
Posted

First, I would like to apologize. I have been a member for a while now and have listened to all of the podcast but I am terrible at networking and reaching out. (I'll work on it). I am looking at an 18 unit apartment complex total gross rent = $7,015 92%Occ actual NOI $38,722 this is a C class property owner operator and needs no repair. I have had rental property in the past but this would be my first property over 4 units. I am looking to invest in multifamily in Killeen, TX and thought this might be a good first property. Now the bad, I will be using a full time property management company because I live 3 1/2hours away. My preference would be to find properties that need a bit of work but I thought buying a more turnkey property while putting my team together might be a good move. I am just looking for some advice and thoughts. Thank you

Loading replies...