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Updated over 5 years ago,
Upfront costs when buying an Apt building
Outside of the down payment, I'm trying to calculate how much money I'll need to have ready upfront in order to purchase a 12 unit apt. I know the exact numbers will vary dependent on location, season, etc. But could someone toss some numbers out for
- Appraisal
- Inspection
- Title
- Legal review
- Reserves
- Tax/Insurance pre-pay (is it 6th months? a year?)
- Anything else I might be missing.
Seems like it really adds up. Thanks in advance!