Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback
Updated almost 7 years ago,
60 Day Challenge To Buy My First Apartment Building
For an embarrassingly long time "Buy an 8-12 unit apartment building" has been on my list of things to do. It has been talked about, pondered, debated but has never happened.
So, my thought is to make it a 60 day challenge and document the whole damn thing.
What I would like is some opinion on just how crazy am I, how possible this is and so on.
Essentially I'll be starting from scratch. I'm not dead broke or anything (thought that would make for a better story (Man buys apartment while living in a card board box), but I'm not sitting on enough cash to plunk down 20% or have credit score that makes bankers salivate.
Pretty much at a point where I have to make this happen to save my sanity.
Thoughts? Potential hurdles? Open to any and all input.