Description
For most new investors, buying an apartment building might seem like a daunting task that's too difficult or expensive to achieve. I used to think that myself, until I closed on my first 12 unit apartment building, and realized that the whole process isn't that much different than the process I'd already learned to buy a smaller rental property. The biggest benefit is the scale - with one purchase I was able to double my portfolio, while buying an asset with many tenants to mitigate the risk of a few vacant units hurting my cash flow.
While the barrier to entry may seem high, as some apartment complexes do require down payments of $100,000 or more, not all apartments are that expensive. There are also some creative financing options that we'll discuss that let you purchase an apartment with a down payment that's far less than you might have thought was possible. In some cases you can actually buy with no money down.
While the barrier to entry may seem high, as some apartment complexes do require down payments of $100,000 or more, not all apartments are that expensive. There are also some creative financing options that we'll discuss that let you purchase an apartment with a down payment that's far less than you might have thought was possible. In some cases you can actually buy with no money down.
