The interest rate is 7%, so we suggest this property is for someone who wants to get into Lease Options and meets the other requirements such as adequate reserves and credit.That means, they buy the property, they wind up with $50,000 in equity and they do a Lease Option to a buyer who doesn't currently own a house, but wants to.

And your net worth will thank you.If you still want to go ahead, you'd be better off buying a house than an apartment because, while the value of the building itself will go to 0, you'll still have the value of the land, bearing in mind that the land might actually lose value too given the depopulation and the yen depreciation.Sorry if I'm pooping a party but make sure you understand what you're getting into (which you're already doing by asking the forum) and then make the decision that's right for you according to your objectives.

Get a 50% LTV loan and buy another property just like the one you own. 

I’m a prior realtor, with wholesaler experience and have done some buy and holds in residential properties.

@James JeffersonHi James,To buy out the property you need to probably apply for a loan through any lender.  

Multifamily is incredibly complex and if you don't understand the metrics or calculations behind it, you're going to get burned. if you're just plugging numbers in until it "goes green", you are either going to miss out on deals or buy something you shouldn't. 

@Robert StephensonIf you have enough equity in your primary or rental you can get a HELOC or HELOAN and use the proceeds as a down payment to buy another rental.

If you plan to buy in your hometown, buy a 2-4 unit, and live in one of the units.

)  Arizona Arizona is a snow bird state, we have golf, baseball training, then a dead hot summer where nobody comeshow can I come up with some numbers before wasting time to look for furnitures and buying beds ?

He still buys at a discount regardless of the strategy.