Warren Buffet, the “Oracle of Omaha” is doing it, applying his world-renowned stock investing principles to real estate.
You can do the same thing.
Moving from a single rental house to an apartment building is a pretty big leap, and it’s understandably intimidating. Apartments are a big-ticket item, but with that big price tag come big profit potential.
Do your homework, ask for help from trusted professionals, and stick to proven value investing principles. Do that, and your single rental property could be the start of a real estate empire
Check out the article below that talks about how Warren Buffet likes investing in apartment buildings. He gives many pointers about what he looks at when doing a real estate purchase.
Some of the key take home points from the article are: That the process can be challenging, so rely on people you trust to help you -Form a key partnership and alliances – real estate agents, appraisers, bankers, and property managers all have experience and expertise that can help you avoid pitfalls and dramatically improve your chances for success.
I couldn’t agree more, having a top notch team is Key. Out course delegate some of the duties you are not best at to people who have done it before and proven themselves to be successful.
Give us a call at 510-863-1447 if you have further questions about investing in apartments.