Considering building a 3 story house or 5 story apartment where my family lives on the top two floors.
My wife and I agreed to buy a rectangle 105m piece of land 3-4 minutes from a semi popular station 20 minutes from Nagoya station. Our land is a little closer than most the other apartments that are available. We haven’t done the full math for it yet though or gotten the lay out but it seems like we could have 8-9 small one bedroom apartments on the first three floors and the 4th and 5th would be for us. We would hire a management company to take care of them. Does anyone have experience building apartments? Living as the landlord of the apartment in the apartment you own or just advice for becoming a landlord for an apartment? Any advice would be great. Thanks everyone.
My wife and I agreed to buy a rectangle 105m piece of land 3-4 minutes from a semi popular station 20 minutes from Nagoya station. Our land is a little closer than most the other apartments that are available. We haven’t done the full math for it yet though or gotten the lay out but it seems like we could have 8-9 small one bedroom apartments on the first three floors and the 4th and 5th would be for us. We would hire a management company to take care of them. Does anyone have experience building apartments? Living as the landlord of the apartment in the apartment you own or just advice for becoming a landlord for an apartment? Any advice would be great. Thanks everyone.