Real Estate Investing Tip of the Day – June 22, 2012

Many people who start out Investing in Single Family Homes begin to look at Investing in Apartments. For Real Estate Investing Purposes Apartments are 5 or more residential units. Four or fewer units are basically handled like single family homes in terms of loans and such.

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However, you may also want to make sure your when Buying an Apartment that your First Apartment Purchase has 15 units or less. Why? Well if you have 16 units in California you will have to have a Residential Manager on site. If you are not in California be sure to check with your REALTOR about any local requirements.

Of course you may want to have a Residential Apartment Manager – but you should be aware of the difference and take into account how this is going to effect the Rate of Return. The residential manager is in addition to any property management firm you hire.

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6 Comments on Real Estate Investing Tip of the Day – June 22, 2012

JUN
22
586,663 Points 46 Featured Posts Outside Blog Called Shot Master

Gene - Wanted to stop by to wish you and the family a great weekend. I hope you each enjoy all you do to the fullest my friend. 
4:57pm • #1
230,369 Points 9 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hello Gene:  Thanks for the info on apartments vs homes as rental units.  It sounds like the rate of return would be higher on the apartments as long as you didn't have to have an on-site manager with free rent.
11:07pm • #2
JUN
23
1,023,886 Points 15 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Thanks guys, I always appreciate it when you come by.  Hope you are having a great weekend.
8:31pm • #3

Gene:Thank you for your information!
9:11pm • #4
JUN
27
282,737 Points 11 Featured Posts Attended Rain Camp Called Shot Master

Gene I had no idea about the number of suites and on site management. That is such good info! Thanx!
7:34am • #5
1,023,886 Points 15 Featured Posts Localism Sponsor Outside Blog Called Shot Master

Peg - it may be different in your area.  But it should be a consideration.
8:16am • #6

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Gene Riemenschneider East Contra Costa Home Sales 01492725

Brentwood, CA

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Home Point Real Estate

Address: Brentwood, Oakley, Antioch, Pittsburg,, Discovery Bay, Investors, Brentwood, CA, 94513

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