I am curious to learn about other people's opinions and experiences with investing in apartment complexes in West Chicago.    

There are currently nine large apartment complexes expected to deliver their units to the market within the next 12 months with the first opening their doors in the 3rd quarter of 2019.

There are currently nine large apartment complexes expected to deliver their units to the market within the next 12 months with the first opening their doors in the 3rd quarter of 2019.

We flip houses, have single family rentals and just bought our first 16 Unit apartment complex.

Hi @Kyohei Yoshida,My husband and I had some of the same questions you have when we first began investing in larger multifamily apartment complexes!

Rent for a 3 bedroom 2 bath townhouse is about $2450 per month (HOA fees range from 300-low 400 per month depending on the complex).

Cross collateralized other complex’s.

New builds are big, fancy, expensive apartment complexes, crowded with small units for high rent.

The complex is 15 units, 60/40 owner occupied and 2 of the units sold in the last year for 163k, and 165k.

@Frank Rolfe In the situation John Brinkos described above, it seems like he has two very different properties:  1. one park that is a strong performer with seeming low complexity (due to low POH %); and 2. one park that is a weak performer.In your experience, have you found that banks and/or agency lenders and/or conduit lenders are willing to lend on a portfolio of 2-3 MHP’s even though they vary widely in their characteristics and operating results?