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Updated about 7 years ago,
MultiFamily Residential Building Complex
Is buying a large MultiFamily Apartment complex of like 12+ units a good investment, I’m in SD area, and also it’s near a university, a class C, occupancy at 100% as states. I was wondering is there any way an investor/buyer can view past history operating income, profits, based on a financial report, tax reports from previous owner? Is all that information is to legally obtain from the owner?
Also, how are banks with loaning/financing a large MF residential building? Same as buying one unit, same conventional loans apply, with same rates?
Thank you,
Arthur Voskanyan