How did you buy your first apartment building?

[Bellman Tumasang]

How did you buy your first apartment building? 

Did you do smaller deals before that to build up capital or did you read books, educate yourself, save up and go starting it to apartment buildings?

Anyone here who started their first deal as an apartment building as that’s my goal. Please explain how your deal went and how everything was set in place? 

How much did you save up for the down payment? Interest rate and lender you got financing from? NOI? Cap Rate? Location? Underwriting? How you did due diligence and why you thought the deal was good? Collecting rent was it online with software such as Buildium or did you collect checks? Entities did you borrow and close in an LLC etc with a non-recourse loan? You get the point all details please.