Apartment Investing in Indiana

[Justin Goodin]

Hello,

I am in the beginning stages of purchasing an apartment building, hopefully between 10 and 30 units in Indianapolis(or surrounding areas). I am currently speaking with a couple brokers and analyzing deals. I have done extensive research, listened to podcasts, read books, etc.

I am mostly confused on how investors get paid throughout the year and how someone would get financing from a bank.

Would anyone mind sharing the experience they had buying an apartment building. . Did the property need renovations? Did you raise money from private investors? How did you structure the deal? How did you build your team with the accountant, property manager, lawyer, etc.? Any information would be greatly appreciated. Thank you!