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

From the Genius Types archive. Originally published July 13, 2009.

(The video originally embedded here is no longer available.)

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.