Buying Apartment Buildings
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Uploader Comments (msmreviews)
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I like buying 4 units.
you can buy 3 4 unit buildings faster and easyer then a 12 unit
like 4 unit builidngs becasue usually 1 unit renting will cover the rent and expenses
and the other 3 or profits
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These # are consistent 2 my deals... u'r comments shows that u may just not be a savvy investor. I would urge u 2 learn more
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These numbers are way too simplistic and misleading, I agree. And I don't know about other people who buy rental units, but I don't constantly try and refinance. Just if I need to pull money out of my equity to buy a new building, but that would be stupid for so much money. Much better to sell in a 1031 exchange.
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what do you mean? is he not correct?
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numbers are pulled out of his ass
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His income numbers do not seem so far off on the apartment building. However, the days where you can buy an apartment building, rehab it and double the value and increase the monthly rental income by a factor of 1.75 or greater, have not existed in major cities in the U.S. for nearly a decade. I don't understand where he gets his numbers either.
marxdhr 2 years ago
@marxdhr I don't think there were ever any good old days. There market runups and down markets where deals are plentiful. But there are "always" deals with value plays, regardless of the state of the economy. Re the numbers, if you buy an apartment building that is 50% vacant, with rents that have not been raised in 5 years, then rehab the building and fill it to 90% occupied ... there's a significant increase in value. If you haven't come across this scenario yet, keep looking.
msmreviews 1 month ago
anyone who trust this video is an idiot! where the F*** is he getting these numbers. Whats market is he in? IGNORE THIS GUY!!! SERIOUSLY!!
digem85 2 years ago
@digem85 The numbers come from my deals. If you want ignore this video feel free. Nevertheless, deals with these numbers are there for the taking ... in all markets.
msmreviews 1 month ago