I also did well with a group of investors buying apartment buildings at good prices a few years ago when everyone else was overpaying for McMansions. I got 100% of my initial investment back in cash in 18 months, plus an additional 20% back in cash within the next three years. I estimate the value of my remaining assets to be about 40% of my initial investment.
My advice is to be very careful in this marketplace, and be very selective. One thing I would recommend for anyone starting out is that you buy something that you wouldn't mind occupying yourself for up to five years if you couldn't find a tenant to pay the bills and give you a good, positive cash flow.
What kind of properties do you own and/or look to own?
I’m currently a wholesaler so, I don’t actually own anything. I recently made the decision to look at providing multi-unit properties to my buyers list as few investors are buying single family units to fix up and cash out refi. The refi money simply isn’t there right now. So, I figured that it would be best to offer my list properties that offered great cash flow and multi-unit properties have that. Since people can’t afford to buy homes right now, they have to rent so, rental properties should become more and more attractive in the near future. Now, I just have to find investors with cash. Any ideas on where I should look?