All Forum Posts by: Joe Carr

 ok so whats the falacy then?

looking at listings for apartment building seems to avg $70k/unit. and the avg rent in the city is $1,101. one building i see is 14 units $30k/unit and looks find on the inside pictures. there could be units in really bad shape that their not showing. since theres only a few photos of the inside. but does $70k/unit align with $1,101 rent?

 well this is a hypothetical property. but it is very similar to the market im near, Lansing MI. and the avg rent cost is $1,101. how much is actually made from that after expenses? 50%?

So hypothetically if you had the money for a down payment of 25% on a $1m apartment building. Which is $250k. Say it has 15 units, and makes $1k/unit. Could you just straight up invest in an apartment building? And skip having to look through tons of houses all the time sorting through hundreds of houses for 10 years and ending up with 15 individual houses that might make you $500/unit. I set up a google spreadsheet and a website that shows apartment buildings for sale. I’m just calculating the simples parts of it, total cost, down payment cost, #units, unit income, and amount of time to pay off down payment and pay off the whole building. I’ve looked at three buildings so far, they they usually take 17 months to payoff the downpayment, and 5~ years to pay the whole thing off. I’m just wondering if there’s any error in my thought to this.

Hi, I’m 15 years old and really interested in investing in real estate. I’m planning on taking the next three years to learn about real estate, and the rental economy around me. I was wondering how I can invest $600k into real estate? How should I spend it, should I buy multiple houses in one year or even one month? Obviously I don’t have $600k to my name, but my family has about $600k that we’re currently investing in stock with an agent. But I see that if you play your cards right you can earn a lot more with real estate than 6-10%.