All Forum Posts by: Tilottama Bandopadhay

 AJ that was very helpful. For a 13 plex with a 20% down of 200k and 6 months reserve of 42k. Assuming a $250k total. What kind of returns can be expected in Oregon? Is there a preference for lenders that the buyer has a W2 income ? Is the underwriting process similar to the single family mortgage process?

We are still researching. What kind of purchase price should we budget if we want to pay 25% down and have 6 months in reserve. SFRs are simple but apartments I have no idea how many units to target.

Hello all, 

First time posting here. We are not first time home buyers but have three single family homes ( rental) properties in California but want to buy our first apartment complex out of state for generating cash flow for the long term. We were thinking of buying in Columbus, OH, Indianapolis, IN and Salt Lake city. Atleast researched these cities till now. My questions are : (1) We are saving down payment of 25% for this - how much should we save for it? Can someone explain how the financing for apartment complexes work, is it similar to SFR mortgages? (2) Are there any property management companies that can help us buy, finance and manage the apartment complexes and where can I find them?

Completely new to this space any advice or recommendation is appreciated.