A bit of background. I am local here to Dallas, currently live in Plano and own a bunch of SFRs in the Collin county. I have also done a few flips to sell and flips to rent and have a few LTRs in Collin county as well. Given the market for SFRs is so hot right now, even in August, is it worth looking at small apartment complexes?
I currently self manage my rentals but do not believe I will be able to self manage apartments and all the complexities that come with it. Are there any folks here with experience with small apartment complexes and PMs that would care to share their experiences and contacts?
@Lallu Tappu Small and large apartments seem to be just as competitive as single family unless you have the cash to buy super distressed properties.
Always worth a look. Financing is typically more short term, so that is also something to look at.
@Bruce Lynn , thank you for your response. I had not thought about the financing option yet. I will look into it. My main goal is to keep it as passive as I can, hence the need for a good and experienced PM so going after distressed properties would be unlikely.
@Lallu Tappu - how many doors are you looking for? I have great PM companies for 2-30, and 50+
@Lucia Rushton , I'm looking to start with something smaller, close to 10 doors. Thank you!
One of my clients is selling a 16 unit off market in Dallas
Hi Ronald, would love to connect on the 16 unit property and learn more details.