Thread: Buying Apartments Buildings

Does anyone have any success at purchasing apartment buildings. I'm a newbie and I just started using a program called "Buy Your First Apartment Building". It has alot of knowledge and I would recommend it to newbies. I just need some advice from someone who has been there done that. Please share your experiences.

Thanks

Thanks so much for your post. Our team does do alot of work with bigger multi-family properties as well as commercial property up here in the Minneapolis real estate market.

I would highly recommend getting in touch with a top real estate agent or team in your area that has experience with these types of properties for sale. He or she will also be able to direct you to a lender that lends on this sort of investment property.

As you can imagine, financing guidelines are changing almost daily. But with such an abundant supply of residential real estate (homes, townhomes, condos for sale) on the MLS....there is certainly no shortage of larger multi family and commercial as well. It is a great time to be a buyer!

I hope this info helps.

first you need to know how to Identify a great apartment building Investment then Learn Strategies that will have banks knocking At your door To get your business..

Wow, thank you guys for these information. It will help me a lot! Thanks again!

Have you found a mentor yet? Your best bet is to a talk to agents in your office that have experience in representing clients buying/selling these types of properties. I always like to understand what is important to my buyer as well. Typically buyers start by location, then look at the numbers and then if those two look ok they may physically go look at the property. The hard part is learning to analyze the financials. This is why a mentor is important.

ahm are you trying to ask what are the tips in buying and selling new apartment?anyway i hope this link will answer your question http://apartments.about.com/od/?once=true&

Originally Posted by wchua24

first you need to know how to Identify a great apartment building Investment then Learn Strategies that will have banks knocking At your door To get your business..

That is truly the ideal situation to be in, but it's very hard to get to that level.

Originally Posted by tawn31

Does anyone have any success at purchasing apartment buildings. I'm a newbie and I just started using a program called "Buy Your First Apartment Building". It has alot of knowledge and I would recommend it to newbies. I just need some advice from someone who has been there done that. Please share your experiences.

Thanks

Find a mentor who's willing to show you the ropes. Or find a way to get experience in this business because it's always the best teacher. Good luck!

You'd probably make some bank on college apartments I'd imagine

I don't have any experience but there is a great company here in Houston, TX called Lifestyles Unlimited that is an awsome tool. They also have radio show everyday with Dale Walmsley that is very informative on am radio.