Investing in an apartment complex might seem daunting to someone who has never purchased or owned one before. The reality is that it is not much more complicated than owning a duplex.
The following article is a great place to start if you are totally new to investing in apartment buildings.
“Moving into the world of commercial real estate can be pretty intimidating. It’s a different world, but it’s a lot simpler than you probably think.
That’s especially true of apartment buildings. If you can own a rental property, you can handle owning an apartment building…
…For retail investors, most banks will require at least a 15% down payment, if not more. Each bank has varying requirements and will look at each deal on a case by case basis. It’s in your best interest to shop around. Interest rates and other loan terms will vary, but anticipate a five to ten year loan with payments based on a 15 to 20 year amortization….”
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