Investor · North Richland Hills, TX · Member since 2013 · 1k+ posts · 1k+ votes
11y
Apartments have greater potential to rise in value than houses. Moreover, that value rise has less to do with the market and more with management efficiencies. You as an apartment owner can increase the value by increasing rents and reducing expenses while the same would not change a value of a house.
Investor · Boyd, TX · Member since 2014 · 688 posts · 467 votes
11y
I was just discussing this with my parents last night since we are both looking for some more properties. Around here (semi rural DFW TX) small multis (4-8 units) are going for about the same or a bit more per unit as a nice doublewide on an acre of land. The apartments are renting for about $500 to $600 while we can get $850 to $1000 for the doublewides. We also feel that we get a better more stable tenant base than we would with apartments. I do like the idea of having more units in one place though instead of scattered out. This is one reason we are also looking at some places on larger lots where we could possible put another one or two homes while still keeping fairly big sub lots for each home.
Investor · North Richland Hills, TX · Member since 2013 · 1k+ posts · 1k+ votes
11y
Apartments have greater potential to rise in value than houses. Moreover, that value rise has less to do with the market and more with management efficiencies. You as an apartment owner can increase the value by increasing rents and reducing expenses while the same would not change a value of a house.