Would you sell everything except the personal home and put $1M down on a $5M complex? 

I'm an aspiring real estate investor with the ultimate goal to one day own an apartment complex and live my life with full financial freedom.   

For example, home purchasers often include a contingency that specifies that the contract is not binding until the purchaser obtains a satisfactory home inspection report from a qualified home inspector.contractAn oral or written agreement to do or not to do a certain thing.conventional mortgageRefers to home loans other than government loans (VA and FHA).convertible ARMAn adjustable-rate mortgage that allows the borrower to change the ARM to a fixed-rate mortgage within a specific time.cooperative (co-op)A type of multiple ownership in which the residents of a multiunit housing complex own shares in the cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit.cost of funds index (COFI)One of the indexes that is used to determine interest rate changes for certain adjustable-rate mortgages.

Originally posted by Account Closed:So complex yet so simple.DONT BUY FROM TK company.If they are reputable you making a bad buy.If they are shady you making a bad buy. 

I keep going back and forth on a small apartment complex in Westport, and my biggest hurdle seems to be a lack of seemingly reliable prop mgmt in that area.

Hi BP's,I am looking for a CT Attorney Recommendation For a somewhat complex Partnership Agreement.

If you see more than 10% of complexes having a cap rate higher than 8% and an overall city occupancy rate under 85% it's not a good place to invest unless you are buying to change the property class.

If my math is correct his complex has a 4.5 Cap Rate.

Investing out of state is significantly more complex than investing local...you'll be depending on someone to be your eyes and ears...this typically creates a huge conflict when you enter an industry where half the agents can't find their *** with both hands and the other half are commission driven...you're really looking for the 1% that has well established tools for long-distance investing. 

Insurance is also a relationship business, so if you are also an insurance/ risk management professional or just dying to learn more about how exciting insurance is (it is actually a lot more interesting and complex than you think) CONNECT!