Jul 29 in General discussion
Coming Back to Low-Income Housing - Why?
I started my real estate investing career with low-income housing.
When I did it, low-income housing was synonymous with managing tenants in "D" & "F" neighborhoods (aka distressed and The 'Hood respectively).
And although it was very profitable (to give you an idea...in my first low-income housing - a 28-unit apartment building, I needed only 4 paying tenants to breakeven!), it was a lot of work and hassle.
So I decided to "graduate" to "C", then "B" neighborhoods, and eventually "A's". The time I spent managing tenants went down exponentially and that was when I was able to scale my portfolio. So I'd rather NOT do low-income housing.
But times have changed.
15+ years later, through our partners, I am coming full circle and doing low-income housing again. This time though the low-income housing we're doing is not in "D" and "F" but in decent neighborhoods.
There are 3 low-income properties we're buying in North Carolina and they are newer too.
Do you want to know more? Let me know in the Comments.
1
2 comments
Coming Back to Low-Income Housing - Why?
skool.com/apartment-investing-4128
This group is all about sharing apartment investing secrets.
powered by