There's adage in real estate investing: You make money by buying big, dividing, and selling small. As per this real estate adage, you get a lot more for your money if you buy big. Tenants in Common is a good way of doing this.
If you're looking to buy an apartment San Francisco, one of the ways to get the most for your money is to buy a large apartment building with other friends and investors in a structure called a Tenants in Common.
I have a group of four friends who bought a small apartment building in Portrero hill that had three 2 bed, 2 bath apartments and a basement studio for $650,000 in 2003. Even if you don't count the basement studio which they could rent out, there's no way you could buy a 2bd/2ba apartment in Portero for $225,000. In addition, they got to control who their neighbors were and were able to afford an apartment with a good yard out back.
It couldn't be further from a falsehood. I expect more of this high quality output.
Posted by: Owner Financed | April 27, 2009 at 04:05 PM