Apartment investing is without a doubt the absolute best way to achieve financial freedom in as little as three to five years.
Sadly, many investors don’t talk about the term: “financial freedom” and they are doing a disservice to people who follow them online because it’s easy to continue investing without actually thinking about the concept of how much passive income you need to actually earn on a monthly basis in order to live life on your terms.
So, what’s your freedom number? By this I mean how much passive income will it take for you to be able to quit your job, and ultimately enjoy your life without having to work full time?
For some people, their freedom number is as little as $10,000 per month, while for others it’s a few hundred thousand dollars per month.
The good news is that regardless of how much passive income you need to earn to officially retire and enjoy life, you can accomplish that goal and as little as three to five years simply by investing in apartments.
Apartment Investing – Your Vehicle To Financial Freedom
Over the years, many investors have written different strategies about how to achieve financial freedom, but the reality is that apartment investing is typically not mentioned.
Why is that?
The reality is that when it comes to apartment investing, this vehicle for achieving financial freedom is not as “sexy” as starting an online business, creating a blog, YouTube channel, or getting started with drop shipping because everybody knows apartments, but very few people want to take the steps to invest in them.
Apartments are an excellent vehicle for financial freedom because of the simple fact that the United States has turned into a nation of renters, this means that more people renting by choice than ever before.
It doesn’t matter if you live in a red state or blue state, there’s going to be a need for rental housing and as long as you own an apartment building, you can always count on owning an asset that’s in demand.
Renters want to live in apartment buildings because of the simple fact that an apartment building offers a sense of community, has shared amenities, and is typically located close to the city centre, or jobs in the area.
Even though single-family homes are often portrayed positively online, and on TV, as ideal real estate Investments, the truth is that it’s easier to invest in one apartment building, compared to investing in five single family homes.
You may be thinking how in the world is it easier to manage an apartment building than it is to me next five single-family homes? The answer to this question is simple, with an apartment building, all of your units are going to be under one roof, compared to multiple single-family homes that are in different locations across one town.
If each single-family home needs maintenance, you’re going to have to hire multiple maintenance companies to work on each property, and pay different rates, compared to hiring one maintenance company, to work in just one location (your apartment building).
How Many Apartment Buildings Will You Need To Own To Officially Retire?
Okay, now that I’ve talked about why apartment buildings are an ideal vehicle to achieve financial freedom, the next thing that I want to talk about is how many apartment buildings will you need to own until you can officially retire?
At the beginning of this article, I asked you what your financial freedom number is. Did you write that down?
Don’t be embarrassed about how large or small your thing is for freedom number is. The most important thing is to write it down so that you know what the financial goal is that you need to shoot for.
Now down to the “nitty-gritty”, answering the question about how many apartment buildings you’re going to need to own to achieve financial freedom.
Let’s say that you purchase an apartment building where you can expect an average cash flow of about $200 per unit per month after any repairs are made, expenses and mortgage are paid.
If your financial freedom number is $5,000 per month, you’re going to need to own an apartment building that has a minimum of 25 units.
Let’s say that you want to start small by investing in a fourplex. What’s great about starting small is that if you were to invest in 5 fourplexes, you could achieve your Financial Freedom number simply by going with that approach.
Many investors across the United States have been able to build substantial investment portfolios simply by investing in duplexes, triplexes, and fourplexes while other investors have built their fortunes by investing in large apartment buildings.
Regardless of the size of the apartment building that you invest in, keep in mind that the real key to success with achieving Financial Freedom from investing in apartment buildings is to hire a property management company as soon as you invest in your first building.
Some investors may tell you that you should consider managing your first apartment building yourself, the reality is that by hiring a property manager from the very beginning, you’ll save yourself the hassle of being tempted to manage that property and you’ll have more time to focus on building your portfolio of investment properties too.
Partner With Trier Capital
Are you ready to invest in your first apartment building but you’re not excited about the idea of finding and acquiring the apartment building yourself? If so, we can help!
Trier Capital is a private equity firm that makes it easy for you to passively invest in lucrative apartment building syndications.
Our simple step-by-step process allows you to accelerate your wealth creation so you can live a magnificent life on your terms, whether that means traveling the world, spending more time with family and friends, or making an impact.
To learn more about partnering with us, contact me today by calling (630) 229-2383 or click here.