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Updated over 5 years ago on . Most recent reply

User Stats

46
Posts
4
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Mahan Shahverdi
  • Flipper/Rehabber
  • Virginia Beach, VA
4
Votes |
46
Posts

Apartment building purchase !!!!!!

Mahan Shahverdi
  • Flipper/Rehabber
  • Virginia Beach, VA
Posted

What is the best way to your first apartment building ? what type of financing ? 

Most Popular Reply

User Stats

3,139
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2,094
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Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
2,094
Votes |
3,139
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Alina Trigub
  • Rental Property Investor
  • Glen Rock, NJ
Replied

@Mahan Shahverdi That's a loaded question. If you never owned one, then your best bet is to find a deal and to bring it to someone experienced to partner up with  so that you can learn from them. Alternatively you can learn from your own mistakes but it can be costly and traumatizing for some folks. 

In terms of financing, it will be difficult to get for your first deal (not impossible, just harder). Again, your best bet is to partner up with an experienced investor and to learn from them.

Best of luck!

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