Investing in Apartment Buildings Interview with Matthew Martinez
My focus as a real estate investor and niche for my company has always been single family homes . . . but, I do have to say that there’s definitely some very appealing characteristics to investing in apartment buildings.
For instance, when you own a single family home and it’s vacant, how much income are you receiving? Zero, not one penny. Nothing! When you own an apartment building (or just a multifamily property in general), when you have a vacant unit, you still have income from all the other units. And if you’ve been in the landlording business for very long, you quickly realize that vacancy is one of the biggest profit destroyers you have to continually combat.
Even though my niche has been single family homes, I did purchase a couple small apartment buildings years ago. I bought a 4 unit and 6 unit apartment building in Clemson, South Carolina my first year as an investor. The seller lived in Charleston (right down the road from me) and actually called one of my “We Buy Houses” Bandit signs. He just wanted out, and I wound up structuring a 100% owner financed deal to buy the properties . . . how about that!
Anyway, I’m no expert in buying apartment buildings but get tons of questions on the subject. Sooooo, I decided to go find an expert to interview so that we could learn more about investing in apartment buildings.
His name is Matthew Martinez. He is the author of 2 Years to a Million in Real Estate and Investing in Apartment Buildings. This guy is the real deal!
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