Updated over 14 years ago on . Most recent reply
Ideal apartment complex size for a new investor
What would be a typical apartment complex size for a 1st time apartment investor,sizes of maybe 30 to 50 units,im thinking maybe a turnaround project thats vacant? looking for any and all suggestions as far as property managers,etc.
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Bryan Hancock
#4 Off Topic Contributor
#4 Off Topic Contributor
- Investor
- Round Rock, TX
I have heard that 12 units is generally the maximum size for a first investment. I personally think you could do one a bit bigger, but the people that recommend 12 have much more experience than I do.
Turnaround projects are not for the faint of heart. I would advise against that as your first project.