Looking to buy an apartment
Hi All,
I am an investor in residential real estate for the last 5 years and now have 11 doors however I think I want to transition into an apartment complex. Anyone on the platform that can help guide me, would greatly appreciate it!
Most Popular Reply
If Cash flow is most important to you and you're ok with holding for 5+ years, there are TONS of apartment complex deals available ranging from $60k - $150k per unit depending on the area. Especially as investors used variable rate debt in 2020/2021 that's maturing this year into Q1 and Q2 of next year. The ones I underwrite usually have 8-12% Cash on Cash returns. Happy to send you some as I get them and after underwriting checks out.
I'm usually analyzing deals up & down I-55/57 (Milwaukee, Chicago, parts of TN, MO, MS, LA), and sometimes tertiary markets of Atlanta.
-Mel