Large apartment building deal (Questions)
I’m curious to hear perspective from those who have invested in apartment buildings ($1M+) or are educated in this area:
- If you were starting all over again, assuming you had zero experience (never done a real estate deal) but all the necessary cash... i.e. you can get a $2M building either with leverage or pay cash... would you do an apt building as your first deal?
- How much cash flow can you reasonably expect to pocket from let’s say a $1M to $2M building?
- Does it make sense to own and hold just one apartment building and stop there? (Or are you always looking to get into more and more deals like the one you just got?)