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Updated almost 3 years ago on . Most recent reply
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How to buy an apartment complex?
I have multiple single-family homes, I want to go to the next level and after either selling or cashout/refi part of my portfolio I want to find an apartment complex. How different is it to buy commercial property like a 10 unit or above from a single-family home? what is the process? metrics, or anything I need to keep in mind.
Thank you for any help
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Ronald Rohde
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Its a very different process. You'll need a higher level of due diligence if you are not paying all cash. Lender will require a lot more underwriting on cash flow and not just rely on "comps" You need to build a team broker, attorney, inspection, lenders, CPA, etc.