Comments on: Apartment Buildings Verse Single Family Homes — An Investment Property Comparison

By: scott

scott — Wed, 22 Oct 2008 00:58:12 +0000

“Apartments are nice but my next venture is mobile home parks…higher return with fewer management headaches” yeah alot of people may be moving into mobile home parks with all the foreclosures

By: Log Home Builders

Log Home Builders — Mon, 22 Sep 2008 19:49:49 +0000

That is quite a list and you give very good reasons of why investing in apartment buildings have benefits over single family homes.

I agree that if someone leaves your single family home then you need to quickly rent it out again, but if you have an apartment building then you can afford to have some vacant spots.

By: scottnla

scottnla — Sun, 04 May 2008 05:57:55 +0000

Apartments are nice but my next venture is mobile home parks…higher return with fewer management headaches

By: MoneyMan

MoneyMan — Sat, 26 Apr 2008 00:18:01 +0000

I own both and am not trying to sell. Houses are a real pain compared to apartment buildings. Houses are very low or negative income compared to value. I only wish I had started buying apartment buildings sooner. You on the other hand feel comfortable buying houses and may be afraid of getting out of your comfort zone. I don’t even look at buying houses anymore. I only look at buildings worth 1 Mil+

By: Ted Karsch

Ted Karsch — Fri, 25 Apr 2008 19:52:39 +0000

Hi Eric,

You bring up a good point.

Generally, banks will only finance an apartment building for 80% of its appraised value. However, it is possible to structure 100% financing using different combinations of business credit lines and seller held second notes and seller financing.

I hope that clears it up for you.

By: Eric Conrad

Eric Conrad — Fri, 25 Apr 2008 17:42:57 +0000

I thought it was interesting that he mentioned 100% financing for apartment complexes, but then on the disadvantages, mentions 20% down.

Why the discrepancy?

By: Tom Lindmark

Tom Lindmark — Fri, 25 Apr 2008 05:11:08 +0000

Written like a guy who is trying to sell apartments. Your points may be valid for your area but they aren’t universal. Location, location, location! It all depends on the economics of your market as to the desirability of apartments over or under single family homes.