I want to invest in multifamily apartment buildings?

[Bellman Tumasang]

I want to invest in multifamily apartment buildings how do I research markets to find a market where there is job growth, migration etc?

Let's say an apartment building with multiple units has cashflow can I put down a downpayment, finance the rest as a non recourse and interest only loan with no personal guarantee needed as long as the DSCR is good like 1.25 or above even if it's my first property and I don't make a lot? Could I close this loan in a property LLC with just the property?

Steps for getting a commercial loan?

[Michael Ealy]

Originally posted by @Bellman Tumasang:

I want to invest in multifamily apartment buildings how do I research markets to find a market where there is job growth, migration etc?

Let's say an apartment building with multiple units has cashflow can I put down a downpayment, finance the rest as a non recourse and interest only loan with no personal guarantee needed as long as the DSCR is good like 1.25 or above even if it's my first property and I don't make a lot? Could I close this loan in a property LLC with just the property?

Steps for getting a commercial loan?

 You will need to personally guarantee a loan - especially if it's your first deal - and I am assuming, you're not in a position to buy a 100+ unit apartment complex.

I own 1,000 apartment units and the way it works is that I acquire a building and qualify for a mortgage (with recourse). I stabilize it and only after I refinance at 70% LTV or lower do I get a non-recourse loan. And it's easier too wth 100+ unit apartment complex vs buying a 10 unit.