How do you start apartment building investment?

[Vincent Chen]

Totally new investor here.

Read a lot of books by now and my long-term real estate investment goal is big/large apartment building/complex.So would like to know all the experienced investors path to apartment complex  investment?

SFH/Multi-rentals(duplex,triplex..) investment and apartment building investment are different in many ways,such as,investment logic,finance and management.So I believe early investment experience in SFH only contribution to equity building/cash flow?

BTW,as far as I know,the apartment building investment are most likely out of state,there is another different from SFH and small multi-rentals.

Any input will be helpful here,personally I might start with SFH locally,but would like to know the good path/good time to apartment building investment?

Thank you everyone in advance.

[Mike Dymski]

@Amir B.

Credit score = 700+

Bankruptcies = none

Foreclosures = none

Net worth > new loan

Liquidity = 9-12 months of debt service coverage

Leverage on all real estate < 75%

REI experience = either you or a key principal (or you have a great balance sheet or low LTV)

These will vary by lender and loan size.