All
Members
Companies
Blog
Forums
Podcast
Webinars
    User Log in  /  Sign up
  • Forums
    Newest Posts Trending Discussions Followed Forums Real Estate News & Current Events General Landlording & Rental Properties Buying & Selling Real Estate Deal Analysis See All
  • Education

    Read

    BiggerPockets Blog BPInsights: Expert Analysis Coronavirus Content & Resources Guides Glossary Reviews Member Blogs

    Watch

    Webinars Video Library Financial Independence Blueprint Intro to Real Estate: Rentals

    Listen

    BiggerPockets Real Estate Podcast BiggerPockets Money Podcast BiggerPockets Business Podcast Real Estate Rookie Podcast Daily Podcast (Audio Blog)

    Topics

    Business Operations Finance Finding Deals Property Management Property Types Strategy
  • Network

    Recommended Vendors

    Real Estate Agents Mortgage Lenders Companies Hard Money Lenders Contractors Investment Companies

    Search

    Members Events Jobs
  • Tools

    Calculators

    Rental Property Fix and Flip BRRRR Rehab Estimator
    Wholesaling Mortgage Payment 70% Rule Airbnb

    Services

    BPInsights: Property Insights Tenant Screening Property Management Lease Agreement Packages

    New Feature

    BPInsights (beta)

    Quickly analyze a property address or ZIP Code to compare your rent in your neighborhood.

    Analyze a property
  • Find Deals
    Real Estate Listings Find Foreclosures External Link Ads, Jobs, and Other
  • Bookstore

    Real Estate Books

    Profit Like The Pros Bidding to Buy See all books

    Featured Book

    BiggerPockets Wealth Magazine book cover
    BiggerPockets Wealth Magazine

    Written by financial journalists and data scientists, get 60+ pages of newsworthy content, expert-driven advice, and data-backed research written in a clear way to help you navigate your tough investment decisions in an ever-changing financial climate! Subscribe today and get the Oct/Nov issue delivered to your door!

    Get the Magazine
  • Pricing
Log In Sign up
User
Quick search links
Podcast Hard Money Lenders Books New York
ForumsArrowMulti-Family and Apartment Investing ForumsArrowfirst Apartment complex
  • Newest Posts
    • Newest Posts
    • Unanswered Discussions
  • Trending
    • Top Discussions
    • Trending Discussions
  • Browse Forums
Search Nova
Create post

first Apartment complex

2 Replies

  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
Rotate Log in or sign up to reply
user profile avatar
  • Posts 2
  • Votes 0

Raphael Odoom
Rental Property Investor from Riverdale, Georgia

posted about 1 year ago

I see a apartment complex for sale for 4.5 million. Is close to a major university. This my first time can I get a walk through on what to look for and how to get the ball rolling. Thanks in advance for your time

Rotate Log in or sign up to reply
user profile avatar
Check Rosette Top Subjects:
Traditional Financing, Taxes & Accounting, and Real Estate Finance
  • Posts 3.0K
  • Votes 2.5K

Taylor L.
Real Estate Syndicator from Richmond, VA

replied about 1 year ago

It's a fairly complex process. Joe Fairless's Syndication School will get you started. www.Syndicationschool.com.

He also has a great book on the topic. https://www.amazon.com/Best-Ever-Apartment-Syndication-Book/dp/0997454326/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1574540045&sr=8-1

Odds are - it's not a great deal. These days we're having to look at around 200 properties to close on one. That doesn't mean you shouldn't look at it, though. Go through the steps to determine if it's good. If it is, keep going. If not, keep looking.

Rotate Log in or sign up to reply
user profile avatar
  • Posts 7
  • Votes 0

Samuel James

replied about 1 year ago
Remember you can do a master lease with the first right of refusal to purchase after 5 years.  With master lease you put little month down and get ownership of apartments and then get the cashflow up. After 2 year seasoning you should be able to purchase when the master lease is up or work out an owner finance deal where the owners like the idea of delaying capital gains taxes.

Rotate Log in or sign up to reply
  • 1
Related Resources Multi-Family and Apartment Investing Forums
Have Top-Notch Tenants? Here’s How to Keep Them
5 Essential Property Maintenance Tasks To Keep Your Rental in Tip-Top Shape
Rental Arbitrage: The Secret to Making a Fortune on Airbnb Without Owning Property
8 Reasons the Best Landlords Always E-Sign Rental Agreements
6 Tips for Listing Your Rental Property Online
Resources Read, see, and learn more!
Link Real Estate Investment Calculators
Link BiggerPockets Blog
Link Path to Purchase
Link Mortgage Loans
Link Find a Contractor
Link Real Estate Agents
Link Hard Money Lenders
Link Real Estate Listings

Top Contributors

Spencer Gray
Spencer Gray
Indianapolis, IN
9.04
Score
Rick Martin
Rick Martin
Redondo Beach, CA
8.71
Score
Justin G.
Justin G.
Indianapolis, IN
5.67
Score
Andrew Schutsky
Andrew Schutsky
Glen Mills, PA
5.29
Score
Ola Dantis
Ola Dantis
Houston, TX
4.18
Score

Multi-Family and Apartment Investing Forums Trending Discussions

  • How to find a Commercial Multifamily Loan <$1M
    3 Replies
  • What is the best source to find apartments for sale?
    8 Replies
  • Any pain using property management software?
    33 Replies
  • Property Manager Recommendations in San Antonio and Dallas Area?
    2 Replies
  • FIG fourplex investment group
    5 Replies
Log in Sign up

Log in

Forgot password?

If you signed up for BiggerPockets via Facebook, you can log in with just one click!

Log in with Facebook

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Let's get started

We just need a few details to get you set up and ready to go!

Use your real name

Use at least 8 characters. Using a phrase of random words (like: paper Dog team blue) is secure and easy to remember.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.

Or
btn_google_dark_normal_ios Created with Sketch. Continue with Google

Why create an account?

Receive a free digital download of The Ultimate Beginner's Guide to Real Estate Investing.

Connect with 1,000,000+ real estate investors!

Find local real estate meetups and events in your area.

Start analyzing real estate properties, we do the math for you.

It's free!

Explore

  • Membership
  • Community
  • Education
  • Marketplace
  • Tools
  • FilePlace
  • REI Resources
  • Perks
  • Glossary
  • Reviews
  • iOS App
  • Android App

Company

  • About Us
  • Press
  • Advertising
  • Careers
  • Stats
  • Contact Us

Important

  • Editorial Guidelines
  • Terms of Use
  • Rules
  • Privacy
  • FAQ

Social

  • Facebook
  • Twitter
  • YouTube
  • Instagram
© 2004-2021 BiggerPockets, LLC. All Rights Reserved.