Looking to purchase a large apartment building with no money down

[Mario Jackson]

Curious? Is it possible to do this or what are the chances of assuming someones current mortgage? If this is possible, where would I start, are there any website that market stuff like this?

[Jon Holdman]

With commercial loans its entirely possible the existing loan would be assumable.  That's not the same as no money down.  The seller may want additional cash.   It would be a VERY rare property where the owner is willing to just let you take over the existing loan with no additional cash and actually have that be a good deal.  Not so difficult to find one where the owner is underwater and willing to sell the property by letting the buyer assume the loan.

IMHO buying a large apartment building with no money down is a complete pipe dream.  Further, even if you pull it off, owning an apartment building without have a big wad of cash in the bank (six months total rent) is a sure fire way to fail as a landlord.  Cash reserves are absolutely essential to surviving in this business.