Best place to buy a large apartment building?
Hello all, after doing tons of research. Close to buying a 3-unit family and then backing out because I did not feel the cashflow amount was worth it. I was thinking about going bigger after watching a bunch of youtube videos. Is it crazy for a beginner like myself to want to invest in a apartment complex say with 10+ units? Also any advice where the best place to invest in something like this would be? If I sell my house I would have about $100,000 in capital to invest in RE with.
Most Popular Reply
Hi @Eric DeVito,
Welcome to BP!
Working with $100K sounds like you should be leveraging your equity against debt mortgages on buying multiple multi family units. Check out Philadelphia and Pittsburgh, they would be a easier buy in for 3-10 units with $100K based on the current appreciating markets within a close distance from where you reside.
Let me know if you have any questions.
Regards,
Joe Scorese
- Joseph Scorese