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Updated almost 9 years ago,
How do I Buy an apartment complex
An apartment complex went on sale in my area and I think it's a good opportunity. My problem is, I have absolute zero experience with apartment housing. So far my real estate portfolio consists of two single family homes and 1 multifamily. I sent an email asking for more info on the complex but I'm not sure what specific questions to ask other than number of units, vacancy, rental rates. Im looking for some guidance on the steps i need to take from running numbers all the way to financing and closing. I know this is a big leap from a few rental properties but its a great opportunity and i want to try my best to do what needs to be done to seize it