Updated over 9 years ago on . Most recent reply

Need clarification
I was reading a post here on BP and this guy was talking about how he bought a unit for around $20,000 all cash, no finance.
I know there are different styles of apartment buildings. I don't know the name of it cause I'm relatively new but I'm wondering if he bought a single unit in a hotel style apartment building? I don't know, please correct where I'm wrong.
However, I can see how a small unit inside a hotel style apartment building (then again I don't know if that's the correct terminology) could be worth around $20,000. Idk, $20,000 just seemed overly cheap for real estate in terms of apartments.