Average capital needed for apartment/hotel purchase?

[Matthew Peterson]

For those who have purchased hotels or apartment complexes. What’s the average liquid capital needed for something that size? Curiosity question mainly to satisfy my wonder of whether or not I want to venture down that road.

[Bjorn Ahlblad]

@Matthew Peterson it takes a lot now. Aside from 30% down you will need 12-18 months reserves. A bank will also want net worth equal to the loan amount; and a track record managing, or a PM.