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Updated about 4 years ago,
Anyone here own a 10+ unit apartment building?
My goal is to buy a 12-unit apartment building for around ~1MM. I was wondering if anyone would be willing to share their experience here.
How much total cash did you put in to buy the building (down payment, possible renovations, etc.)? What loan term did you get it in? What is the annual net profit relative to the total amount of cash you put in to the building? Do you regret anything?
Thank you!