Real Estate Investor Case Study: Josh Allison’s 106-Unit Apartment Complex

by Brian Lee. Visited 3265 times, 1 so far today (12 comments) :: Print This Post
Posted: July 13th, 2009 under Non-Fiction, Real Estate.

Last month, I got the chance to hang out with real estate investor Josh Allison at his 106-unit apartment complex in Austin, Texas. It was pretty inspiring to see someone who just went out there and did it.

Josh started out as a multi-family property appraiser who invested in single-family rental properties on the side. When he appraised an apartment complex for Lifestyles Unlimited lead investor Trey Stone, Trey challenged Josh to buy his own.

One interesting thing about this deal is that he turned an old storage area into an additional unit that now brings in $900 a month, adding $10,800 to their bottom line each year.

It’s interesting: many of the multi-family lead investors that I meet at Lifestyles Unlimited are not like I imagined them to be. I guess I had images of older men in suits running these properties, but many are young, energetic, and casual. It really goes to show that anyone can do it if they put their mind to it.

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Genius Comments

Comment from emo
Time: July 18, 2009, 5:45 am

it’s nice to see that “young people are not doing nothing to survive, they are just parasites” as a public person said once, is just a myth.we can do this, we can do more! nice article!

Comment from Jon of The Wandering Generalist
Time: July 26, 2009, 2:24 pm

Preciate the post Brian- real estate has always been one of the investments that intimidated me (to be honest terrified). Recently, I’ve been trying to regain an open mind, including researching real estate in China, so thanks for the push in the right direction.

Comment from Dustin
Time: July 29, 2009, 10:41 am

Great post! I think a lot of my friends lived there while we were in school at UT. I helped changed out a transmission in the parking lot. Something tells me that Josh wouldn’t let that fly these days.

Comment from Brian Lee
Time: July 29, 2009, 10:44 am

Dustin, that’s funny! Yeah, I’m sure Josh would have a problem with that.

Comment from Private Label Videos
Time: July 30, 2009, 4:21 am

It’s cool that these very young minds are into something ‘big’ as real estate. Keep it up!

Comment from Scott Costello
Time: July 31, 2009, 8:27 am

I’ve seen investors all over the map, from the old seasoned vet, to the young energetic investor trying the latest techniques. I’m one of the “young” ones, at least in my mind anyways….32 young?

Comment from sampath
Time: August 11, 2009, 12:51 am