Tips/Tricks in investing in Apartment Complexs
I started investing back in April of 2019 & I have 1 duplex and should be closing on a single family home going for my first BRRRR deal. As I continue to look for deals and learn more about the RE market (Midwest market, specifically northern Michigan/Wisconsin) I want to start looking in the apartment bldg market.
I hope to add 4-6 units over the next year which would double/triple where I am right now. What are some tips/tricks and things to look out for when searching for an apartment bldg?
Ex. $500,000 10 unit apartment bldg, 25% down would be $125,000 on a conventional (which I do not have). Outside of seller financing (which I am not opposed to), what are some other options for financing? How to minimize personal risk?
Any feedback would be greatly appreciated and look forward to hearing from you guys.