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No offense your question is extremely general, as a result your getting general responses. Since you asked a general question I just assumed you didn't know much and were just curious.
SteveO did a very specific type of apartment investing, as did Gus, as I said above there are many, many different aspects of real estate.
Steve and Gus bought undervalued and under performing buildings and turned them around, what they did requires a lot of expertise and cash, but you certainly can do it. Since you already are involved in real estate I assume you know any building over 5 units is commercial and you will need to put at least 30% down and have strong cash reserves and a bit of a history in the business to get a bank to lend to you. Anything less than 5 is residential lending.
How much research have you done on your local market? What is the supply of rentals at different price points look like? What's on your local MLS in regards to multi unit buildings?
SteveO did a very specific type of apartment investing, as did Gus, as I said above there are many, many different aspects of real estate.
Steve and Gus bought undervalued and under performing buildings and turned them around, what they did requires a lot of expertise and cash, but you certainly can do it. Since you already are involved in real estate I assume you know any building over 5 units is commercial and you will need to put at least 30% down and have strong cash reserves and a bit of a history in the business to get a bank to lend to you. Anything less than 5 is residential lending.
How much research have you done on your local market? What is the supply of rentals at different price points look like? What's on your local MLS in regards to multi unit buildings?
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