Topic

Hi everyone, this has been always my dream, my goal is l wanna buy and own a whole apartment buildings, in other words for example like you find an apartment and you decided to rent to live in, but l wanna own all the houses from that apartment. So about how much it would be to buy an apartment?

If you can tell me the average value is fine, and also if you know where on the website or any other places l could get for the information, please tell me to do so l would very glad them. Again, l need to as much information as possible on this business, because l think this is a great thing you can make money with your investment and plus l think this would be the only business l will do if l have the cash on my hand. l hope this idea work, if not then l will just find a good career like to be doctor, etc. just to work for a company or a corporation. Thank yo so much guys.

 

Approximately how much do u need to own or buy an apartment complex buildings

My sister-in-law bought one in real bad shape a four unit. Got it for $ 500,000 in LA dumped another $50,000 in it and now it’s valued at $ 950,000. Also she getting $4700 for rent a month and dumping her own $1000 a month on the loan. Go for it but the old saying goes it take money to make money.

 

Approximately how much do u need to own or buy an apartment complex buildings

Cash rules. Save as much of it as u can. Although ''no downpayment'' deals between buyer & seller r touted by TV pitchmen trying to sell seats in seminars, in the real world, cash speaks volumes. There r no down payment deals out there but they r usually land contract or owner financed deals on distressed properties.

Property values & prices vary according to location, number of units, age, etc.. There will be fairly extensive listings in the classified ads of all local newspapers . especially the weekend papers.

Good luck.