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Updated about 10 years ago on . Most recent reply

Apt. Buildings Vs. Scatter Site
O.K. so I have reached the tipping point with Scatter site properties. We have about 70 buildings totaling 165 units.
I have started my search for apartment buildings 10 units and up, but the CASH FLOWS ARE HORRIBLE.
In my area a million dollars can buy you 20 scatter site properties with total cash flow of around $60,000 per year. On any apartment building deal in my area your lucky to make $10,000 a year on the same million dollar investment. And people are buying them.
Am I missing something here? Why would people buy with such poor cash flow numbers?