While most investors concentrate on some aspect of single family houses, I was always interested in apartment properties first, with single family homes as a means of getting more multi-family units.

From the very beginning of my investing in real estate, I liked the idea that a group of people (the tenants in a building) would get together and pool their money to pay down my mortgage on a property. I also liked the idea that they would pool their money together to pay for all of the maintenance work for a building.

I especially liked the idea that they would give an owner so much money that the owner would have a bunch of money left over at the end of every month that could be used to either reinvest, save, or to go out and have a good time with.

Essentially, I like the idea that other people were willing to help make me wealthy. I liked it even more when I started using management companies to manage my properties and no longer had to have contact with my tenants.

I soon came to realize that I could also use all the other real estate techniques on rental properties, such as doing wholesale, retail, pre-foreclosure, rehab, subject-to and lease-option arrangements.

I realized that there were certain advantages that investing in apartments had over single families:

• Advantage #1: Cash flow. Cash flow on a multi-family rental is always greater than that of a single family, simply because you have more rent coming in.

  The more units you have under one roof, the less risk you have. If you have a single-family house and you lose your tenant, you’ve lost 100% of your income. In some instances, this could be your entire profit for the year. If you had a three-family and lost a tenant, you still have two rent checks coming in to pay your expenses.

• Advantage #2: Economies of scale are in apartment buildings. If you have six single-family houses instead of one six-family, you have six roofs to be replaced or repaired...six lawns to maintain...six tenants spread throughout your city.

  In your six-family you have one roof, one lawn and your tenants are centrally located. Economies of scale are in your favor.

• Advantage #3: There’s a lot less competition than in single-family houses. Why? Because no one is out there teaching how to do it. All the single-family gurus make flipping single-family houses sound as easy as chewing gum in the dark, so people focus on single families. The smart investors put apartment properties in their portfolios along with single-family houses.
• Advantage #4: Because of the bigger cash flows, you can afford to hire management companies to manage your tenants, thus eliminating that hassle while you go out and do what you do best (or should do best)--find and finance them.
• Advantage #5: Your paydays are a lot bigger when you finally sell your property. Because an apartment complex costs more than single family homes, apartments generate greater dollar amounts of appreciation. For example, a $100,000 single-family house in a market that appreciates 10% will be worth $110,000, while a three-family house worth $300,000 in the same market (10% appreciation) will increase to $330,000. That’s $20,000 more in your pocket!

You probably know a few people who have made a lot of money flipping single-family houses, but if you think of any people you know who have become extremely wealthy through real estate, you're likely to find rental properties in their portfolios.

These are the five biggest advantages to investing in apartment properties. There are many, many more.

If you are interested in creating more wealth at a faster rate, adding rental properties to your portfolio is the way to do it!

Are You Still Skeptical About Investing In Apartments?

Good! You're like me....You want lots of proof to be convinced. You've come to the right place.

I have an audio CD I'd be happy to send you. It's an hour-long interview of me. The whole interview is a guy firing questions at me about investing in rentals. Here are just a few of the questions:

• "Don't you get a lower quality of customer when you deal with apartments vs. single-family homes?"


• "Aren't tenants just basically nightmares?"


• "Sure, I have one roof to fix, but I also have like 10 toilets to unclog, right?"


• "What's the very worst that can happen to me, and how does that compare to owning other types of real estate?"


• "Aren't housing courts hostile to landlords and more forgiving of tenants?"


• "If apartment investing is such a good deal, then why aren't the other gurus offering courses in it?"


• ...And a bunch more questions.

As you can see, these are not "softball" questions. They're tough. You'll hear my unedited answers, and then you can make up your own mind about apartments.

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