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Updated over 5 years ago on . Most recent reply
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Where do you find apartment buildings?
I'm a new RE investor living in LA, but I have family in Michigan and am looking to invest in a small apartment building there. Since I can't just drive around looking for likely places, I was wondering if there's a good online tool I can use to get started looking for these types of buildings. I found LoopNet.com, but are there others? Eventually, I'll likely connect with a realtor to find a property, but I'm just getting started and want to know the kinds of things that are out there.
One final question: this would be my first investment property. Is it crazy to start with an apartment building? They just seem more stable and a quick way to own many doors instead of one-at-a-timing it.
Any advice for things you should know in this arena would be appreciated!