Apartment buildings are the first choice for many investors. Even though they started their real estate investment journey buying and selling houses, these same investors frequently realize that there is safety in numbers. By that we mean that if your rental house sits empty for a while you will still have to make that mortgage payment.
On the other hand, if you own an apartment building and you have one or two vacancies, your property is still generating enough cash flow to keep that loan happy.
Why Invest in Apartment Buildings?
The theory on owning apartment buildings is simple. Every month the rents collected will make your mortgage payment and if done right, give you cash flow while providing a comfortable home for your residents.
It’s another one of those win-win situations.
Also, and this is the most important part, the value or sales price is determined by the rents collected. As you make improvements to the property you are able to move the rents up a bit. As you improve your rents, you create a multiplier effect and increase the value of your building. A healthy net operating income is the key to running and maintaining a successful business.
If you have an apartment building to sell and you don’t want to go through the days and weeks of phone calls from agents and buyers, contact us or give us a call. We are ready to make a cash offer.
Are you looking to trade up from a house to an apartment building? This is an excellent time to contact us and make it happen.
Although we love Realtors, we are not Realtors. We are investors, buying and selling for our family business. Also, we are not generating leads here. All responses go directly to our server and are never shared with anyone.