Apartments

[Jordan Freeman]

Hey bp, do I have been very curious to learn a little bit about the apartment buying process. What kind of experience would one need to have to purchase a complex between 20-50 units? Obviously experience is a bonus, but would an investor without experience be able to get financing? And I have also heard of teams that get together and buy these kinds of investments, REIT and other groups. How do you find these groups? And also, what kind of down payment is usually required to finance? I've heard of gurus doing no money down however I feel it to be very much an exception to the many rules of REI. would love some insight from the community! Thanks guys.

[Brian Burke]

@Jordan Freeman go up to the search box and search "Multifamily myths", you'll find a series of articles written for the BP blog that will answer a lot of those questions and give you insight on what it really takes in the real world, without all of the guru-speak.