Ideal apartment complex size for a new investor

21 posts by 14 users

Akali Dennie

Commercial Lender from Miami, Florida

Jun 05 '11, 08:30 AM

I would have you start out with less than 20 units. You should have atleast 25% of purchase price in cash (let this be your ultimate guide) plus monies for closing costs. You should have a 680 plus credit score and the property should debt service atleast 120%.

Edited Jun 5 2011, 09:38 by Administrator: Solicitation removed

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