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I Bought a 14-Unit Apartment in 2018… Here’s EXACTLY How Much It Made in 7 Years

Adriel Hsu

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In this video, I break down the full story behind my 14-unit apartment complex investment that I purchased in October 2018. I walk through how I found the deal, how I structured the financing, and the real challenges that came with owning and managing a multifamily property over the last 7 years.

I also share the complete financial breakdown, including rental income, operating expenses, maintenance costs, and the overall performance of the property since acquisition. Multifamily real estate can be an incredible wealth-building strategy, but it also comes with unexpected obstacles like property management issues, tenant problems, repairs, and market changes.

In this video you’ll see the real numbers behind a small apartment investment, what worked, what didn’t, and the biggest lessons I learned along the way. If you’re interested in apartment investing, multifamily real estate, cash flow properties, or building long-term wealth through rental property, this video will give you a transparent look at what it’s really like to own an apartment complex.

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TimeStamps:
0:00 - Intro
0:33 - Finding The Deal
3:13 - Due Diligence
6:11 - Funding The Deal
9:37 - $17,000 STOLEN!
12:50 - Tenant Fell Through Ceiling and SUED!
17:02 - Income & Expense Breakdown
21:01 - Conclusion

📌 Related topics: multifamily, apartment investing, rental property, landlord, real estate investing, eviction, lawsuit, property management

20 Comments

@adrielhsu Creator 4 months ago Pinned

Apply For Real Estate Coaching https://go.propertyhsu.com/d8ae22fc

@anchletweest 6 months ago

lol, imagine your landlord filming a video about your residence

@Globe2274 6 months ago

That property went from $500k value to $960k value in 7 years. Biggest winner...The County Property Tax Collector!!!

@Jasmobius 6 months ago

6:35 "This is a small town with population of about 200,000 people" -- I'm not sure I agree with your definition of a "small town"

@Holysoldier000 6 months ago

An extra 30-40K a year is nothing to sneeze at especially with the money in pocket after refi but it sounds like buying a part time job which scares me

@MonsterHunterGigaFan 6 months ago

Holy crap that tenant with the cat was an idiot, what a nightmare! Thank god you had insurance.

@mike2959 6 months ago

I self manage 40 units. And by self manage I mean I do it all. Repairs. Maintenance. Remodels. New flooring. All electrical (I was an electrician years ago). I do all the leases. The book keeping. I mean every aspect.
Couple things. 2018 is nothing like 2026. From the financial side a multi family at 3.5% interest vs 6.9%….not taking anything away from you and all these “Bigger Pockets” guys…but from 2010 to 2020 everyone thought it was pretty easy, well because it was.
Welcome to the real world of 25% down, 7% apartment loans. Add that 7%-9% “mgmt” fee in…most have zero cash floor.

@cavasotti 6 months ago

This is the kind of transparency that actually helps people learn. Most content just shows the acquisition and moves on, but the 7 year hold is where the real story lives. I run 10 doors across 3 states and the gap between projected vs actual expenses over time is the thing nobody talks about enough. Insurance, maintenance reserves, vacancy all compound differently than the spreadsheet says they will. Appreciate you showing the full picture including the challenges.

@CarsTravelCanada 3 months ago

600 k for a 14 unit building? You can’t even buy a 1 bed house for that where I live. Insane.

@daniellove391 6 months ago

Looks like self managing was the way to go in this. Awesome job!

@sumbody1 6 months ago

I've been watching real estate videos on YouTube since I was a kid and this is the only video probably out of 100s of videos that showed the ground reality. Packed with information good job man 👍

@Game_Nut 5 months ago

Key point, he bought before covid. You can't see much buying real estate today. High interest AND overinflated home prices.

@Thereisalwaysmore 6 months ago (edited)

My friend bought a town house in NC, had a management company oversee the property. But for repairs and appliance installation he did himself, for situations that needed a contractor, he said it was still cheaper finding one locally on his own. He said the property management company charged a premium on all repairs, even for oustide help. He only used them to vet brand new tenets and collecting rent.

@Jake_Ritter 6 months ago

14 unit apartment complex for $550k sounds incredibly cheap. Only 39.3k per unit I’m sure given that price some of the occupants would buy it for that 😩

@jmorley72 6 months ago

Lower class rentals can have a much higher rate of return if managed properly - because they aren't easy for your typical hands-off investor. Great to see that you have cracked the code - namely finding ways to lower maintenance costs and avoiding bad tenants.

@postems 6 months ago

WoW! That was a rollercoaster ride! It shows that real estate is the long game, not the short game. Ups and downs are inevitable. Staying the course is a key to success.