Hard Money Loan to Purchase Apartment Complex

[Christina Morales]

Hi! I am looking to invest in real estate, I am in CT where things are expensive. My goal is to one day buy an apartment complex. After doing research I am thinking if should I continue to save until I have enough to put down on an apartment complex rather than buy a bunch of multi families which in the end would cost the same amount down? 

Also, if I were to purchase an apartment complex can I use HML to attain the property and use it as a down payment, then eventually refinance with a bank for better terms? I am unsure of how HML work when buying an expensive property, $800,000 +. If I could use HML to buy a property, then I could essentially get the complex sooner rather than later.

I have good credit and some money saved, but nowhere near enough for a down payment on an apartment complex 800-1M. Looking for some input & guidance in financing world! Thanks for your help!