How to finance an apartment complex?

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I'm looking at apartment buildings for sale by owner, generally class C or D, to fix and resell or hold. My problem is I have $50 and know little about creative financing.

Please offer any solutions you know of.

[Rob Gillespie]

Hi Chenelle,
You can absolutely pull it off. You need to stick with the smaller buildings. I have a prospect to call tomorrow that has a 4 unit building with only one unit rented. the payment is around 1700 per month. I can get it no money down, but the cash flow is not gonna really be there. It will only bring in 2400 per month on a perfect day before vacancy an repairs. You will get your best deal working with a cash partner and stealing good deals.
An example I saw of that a couple of weeks ago, my buddy bought a 29 suite for 25k! Sure it needs a little love, but it was a steal!!!
There are a lot of "tired" landlords of mid size buildings that will let you take them over.
Just remember, bad deals are like HERPES, easy to get, and impossible to get rid of! LOL! Good luck! :mrgreen: