Rental Property Investor · Austin, TX · Member since 2020 · 14 posts · 4 votes
Based on what I have read here, it seems like a lot invest in multifamily properties which are maintenance/management extensive from what I understand. Office condos on the other end are less on maintenance and turn over. So curious as to why not many investors aren't into Office Condo investment. If it is just about finding the right deal, multifamily prop isn't any easy to find. So curious why many are inclined towards multifamily properties?
So here are my questions
We own a SFH rental and know the expenses involved in it. Can someone share insights into what expenses commercial office condo entail once we own it?
For Cashflow, how would commercial office condos compare to multifamily properties?
My concern is the variability of demand. People always need a place to live, but they don't always need office space. I do know folks who invest in office property, and it has been good to them. It doesn't seem as repeatable and scaleable as multifamily, though.
@Taylor L. Thanks for sharing your perspective !! In your opinion, how difficult is it to sell a multifamily property in future, assuming the market condition is as good as today.
@Taylor L. Thanks for sharing your perspective !! In your opinion, how difficult is it to sell a multifamily property in future, assuming the market condition is as good as today.
We are in an absolute seller's market. It's as much a seller's market as a market could be. Prices are up, debt is pretty readily available, and demand for housing is high. It's not exceptionally difficult to sell multifamily real estate as long as it's good product in a decent area and you have the right broker. Most markets' multifamily sales are controlled by a handful of brokers. Less experienced brokers might have a harder time bringing a qualified buyer.