MFB - What's the difference between apartment asset classes?

Originally aired on July 1 at 6am.
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In this episode, I talk about the various asset classes and what they mean to investors.
A-Class: new, high-end apartments with tons of amenities; generally more expensive and less cash flow, but tend to experience more growth in the first few years.
B-Class: not as new, not as high-end as A-Class. Some amenities, but not as much. Typically 10-25 year old apartments that aren't quite in the same league as the newer construction. Typically bring higher cash flow than A-Class and opportunity for higher returns if there's value to be added.
C-Class: Generally thought of as workforce housing. This is the average apartment building for average people. Typically has fewer amenities and buildings are 25+ years old. These have higher cash-flow than A- or B-class and frequently can have higher returns due to forced appreciation through renovations.
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Your host, Brian Briscoe, is a co-founder and principal in the real estate investing firm Four Oaks Capital. He and his team currently have 168 units worth $7.5 million in assets under management and are continuing to grow. He is a Lieutenant Colonel in the United States Marine Corps and brings years of leadership and management experience to his real estate investments. As a Marine officer, he has proven his ability to plan, lead, and effectively accomplish missions in both training and combat situations. He has earned graduate degrees from both the University of Utah and Naval Postgraduate School and is currently stationed at the Pentagon where he is finishing his last year of active duty. He has actively invested in real estate since 2007. Brian is an “Advisor” in Michael Blank’s Deal Maker Mastermind and has been featured on numerous podcasts. He runs a local meetup and has also spoken at numerous events on apartment building investing.
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