Originally Posted by
buckleyboy
Dumb question, but how does one go from SFR to apartments? There are not many apartment complexes near where I live, so I can’t easily find an investment group. But I would like to get out of the single family residence business sooner rather than later.
One property is grossing a little better than 10% ROI (initial). It could be MUCH higher, but I would lose sleep at night raising the rent on an old fixed-income lady who has been there for 14 years...and says she wants to die there. Couldn’t ask for a better tenant, and I am not about to mess with karma.
Another property is managed by someone else and is at 18% return on initial investment, but I bought it because I wanted the land, not the dwelling on it. If I can get 18%+ elsewhere without getting calls from the management company every time crap hits the fan, sign me up! (Then I could raze the dwelling and enjoy the property).
Do any of these properties allow you to lower your personal tax liability? I have been looking at properties but nothing makes sense with the potential returns verses the potential headaches. An LLC that allows me to lower my tax liability might sway me to take the plunge.