3 Ways Apartment Complex Investing Could Change Your Life (+ a Special Invite for YOU)

3 Ways Apartment Complex Investing Could Change Your Life (+ a Special Invite for YOU)

3 min read
Brandon Turner

Brandon Turner is an active real estate investor, entrepreneur, writer, and podcaster. He is a nationally recognized leader in the real estate education space and has taught millions of people how to find, finance, and manage real estate investments.

Experience
Brandon began buying rental properties and flipping houses at the age of 21. He started with a single family home, where he rented out the bedrooms, but quickly moved on to a duplex, where he lived in half and rented out the other half.

From there, Brandon began buying both single family and multifamily rental properties, as well as fix and flipping single family homes in Washington state. Later, he expanded to larger apartments and mobile home parks across the country.

Today, Brandon is the managing member at Open Door Capital, where he raises money to purchase and turn around large mobile home parks and apartment complexes. He owns nearly 300 units across four states.

In addition to real estate investing experience, Brandon is also a best-selling author, having published four full-length non-fiction books, two e-books, and two personal development daily success journals. He has sold more than 400,000 books worldwide. His top-selling title, The Book on Rental Property Investing, is consistently ranked in the top 50 of all business books in the world on Amazon.com, having also garnered nearly 700 five-star reviews on the Amazon platform.

In addition to books, Brandon also publishes regular audio and video content that reaches millions each year. His videos on YouTube have been watched cumulatively more than 10,000,000 times, and the podcast he hosts weekly, the BiggerPockets Podcast, is the top-ranked real estate podcast in the world, with more than 75,000,000 downloads over 350 unique episodes. The show also has over 10,000 five-star reviews in iTunes and is consistently in the top 10 of all business podcasts on iTunes.

A life-long adventurer, Brandon (along with Heather and daughter Rosie and son Wilder) spends his time surfing, snorkeling, hiking, and swimming in the ocean near his home in Maui, Hawaii.

Press
Brandon’s writing has been featured on Forbes.com, Entrepreneur.com, FoxNews.com, Money Magazine, and numerous other publications across the web and in print media.

Follow
YouTube
Instagram @beardybrandon
Open Door Capital

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Perhaps the greatest decision I ever made was buying my 24-unit apartment complex.

That said, it wasn’t a hard decision to make. I knew apartment complex investing was going to be in my future, but at 24 years old, I didn’t realize I would have hit my goal so quickly. But I’m so glad I did! That 24 unit apartment complex has given me the opportunity to live an extraordinarily incredible life over the past five years, allowing me to quit my day job, travel often, volunteer at my church, and become a leader here at BiggerPockets.

Of course, it hasn’t always been easy, but it’s been worth it. I love my apartment and look forward to many more deals in my future.

If you are interested in apartments, great! If not, hopefully this post will convince you to at least take a look. The following are three reasons I love apartment complex investing. But first…

Webinar PNGI want to invite you to a special webinar I’m doing THIS THURSDAY all about apartment complex investing. It’s called “An Introduction to Investing in Apartment Complexes,” and my goal is to help give you a huge overview of the process of finding, financing, and building wealth through apartments. To sign up, just click here

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And now, back to the post…

1.) Ability to Create Wealth

When’s the last time you built something out of thin air? It’s tough, right? But with apartment complexes, that’s exactly what you are able to do. Build something out of thin air: wealth.

Related: How We Took Our First Commercial Property From Vacant to 18 Tenants

You see, when you buy a single family house, the value will only ever be worth what other similar homes have sold for. There’s not a lot you can do. However, apartments are valued differently. Apartments are valued using the profit that is generated, which can be increased! The more profit you make, the greater your property is worth.

To learn more about this process, be sure to read “What is a Cap Rate? (Capitalization Rate).”

2.) Ability to Scale

Buying 100 single family houses is tough. I’m not saying it’s impossible, but it would be difficult. It would require 100 separate transactions, hundreds of offers, years of searching, and 100 different loans — if you could even obtain those loans (most banks cap investors at four residential loans.)

However, buying 100 units in an apartment complex could be done in just ONE transaction.

This is the concept of “scalability,” meaning it’s easier to grow larger and larger without increasing your efforts significantly. Apartment complexes give you the ability to bypass the residential rules and scale through commercial lending… and I love that!

3.) Ability to Outsource

Finally, apartment complexes (especially larger ones) assume that most tasks will be outsourced.

In other words: more passive income!

They are designed by their very nature to be a mostly passive investment for the investor. Houses and small multifamily, on the other hand, tend to utilize a lot more “hands-on” interaction. Of course, you could choose to outsource everything with the smaller properties, but it can be tough to find a deal good enough to allow for such delegation.

With apartments, delegation is assumed and required! There is no way you are going to be able to do the leasing, maintenance, advertising, etc., so you purchase the investment with that concept budgeted for, and you are competing with others who are doing the same.

Related: Buy With Confidence: A Brief Guide to Due Diligence for Apartments

Conclusion

Apartments have difficulties and challenges, of course. But I believe they are perhaps the single greatest investment you can make in real estate if your goal is to create BIG wealth.

Do you want to create BIG wealth?

Of course, this post was just a taste of the benefits to apartment complex investing. BiggerPockets is full of great content surrounding the topic of apartments, so dig in!

I’d also like to invite you, one last time, to the webinar I’ll be doing THIS THURSDAY on this very subject. We’ll be going MUCH deeper than what I covered in this post. I hope you can join me!

Click the button below to sign up, and be sure to leave a comment at the bottom of this post as well. Let me know your thoughts on apartment complex investing.

What other benefits are there?

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