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Building an apartment complex
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Geronimo Offline
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Building an apartment complex
I am looking to build an apartment complex with 6 to 10 rooms to rent out to tourists and I am wondering if there's anyone here with a similar experience who can chime in with some advice.
01-13-2020 01:43 AM
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Australia Sucks Offline
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RE: Building an apartment complex
It might help if you state what country and city you are looking to build in because building regulations, building costs, time taken to complete a build, taxes, etc all vary by location.
01-13-2020 02:22 AM
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kel Offline
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RE: Building an apartment complex
Where I live currently the rent is very high and property values have been going through the roof for years, but still I wouldn't want to be a landlord. Gotta deal with god knows who renting, maybe not paying and trashing the place and claiming squatters rights, gotta deal with city red tape. Too much hassle for me, but I look forward to hearing about your experience anyways and hope it turns out better for you.
01-13-2020 05:45 PM
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911 Online
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RE: Building an apartment complex
(01-13-2020 01:43 AM)Geronimo Wrote:  I am looking to build an apartment complex with 6 to 10 rooms to rent out to tourists and I am wondering if there's anyone here with a similar experience who can chime in with some advice.

Are you a builder, with a team of contractors, have some experience as a developer, or at least own the land you will be building on? Otherwise I would consider just buying an apartment complex, perhaps a fixer upper?

If you don't have experience, maybe you could work for a while for a contractor/developer, to get your feet wet and also to learn about your market hands-on.

λ ό γ ο ς
(This post was last modified: Yesterday 04:31 PM by 911.)
Yesterday 04:24 PM
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