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Tim Sherrier
  • General Contractor
  • Breckenridge, CO
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Apartment building vs condos

Tim Sherrier
  • General Contractor
  • Breckenridge, CO
Posted Aug 3 2008, 10:47

I have been looking for smaller apartment buildings and have found I can buy 10 to 20 condos for less than a 10 to 20 unit apartment building. Rents are at least as high for the condos. Liquidity and flexibility seems better in the condos. I think expenses may be higher with separate condos but looking at 45 to 50% of rent to go to expenses the condos are winning out. Am I missing something here?

Thanks for any help,
Tim

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