Competing with Large Multi-Family
Morning All,
Branching off a previous thread (linked below), consideration of a multi-family strategy has come around again. Not my current focus (SFR), due to a few primary reasons:
- Higher transience = more issues
- Lower grade tenant, on average
- Market saturation
That last item is the largest concern. With the long bull-run there has been an explosion of large multi-family construction all over the twin cities, inner city as well as suburbs. An example: Springs at Apple Valley, https://www.springsapartments.com/apartments/mn/ap...
Less focused on the location, and more the concept below.
Two queries:
- At what size do small multi-family structures begin to see competition from the larger outfits? (all sizes, only once you hit a 10-unit structure, etc.)
- For the current small multi-family investors, has the explosion of large multi-family impacted your strategies in recent years? If so, how?
Original thread: https://www.biggerpockets.com/forums/566/topics/63...