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Two of the most important things to understand when purchasing a multifamily property are the expenses and improvements. Most beginning investors pay attention to the fancy broker package and the POTENTIAL income of a property. While it is important to understand your rental income both today and in the future, it is more important to understand the required improvements and operating expenses of the property. We always recommend using a professional COMMERCIAL building inspector before purchasing a multifamily building. They ...

This is the “quick and dirty”  no frills outline of  buying buildings, from 2 to 200+ units.  Assuming you have identified a market that you feel comfortable investing in I have outlined the key action steps to take when purchasing an apartment complex.

1. Contact local brokers that specialize in multifamily property
2. Contact local property managers-make sure they have experience managing the types of properties that you are targeting
3. Establish your target price point of the property you would like to purchase
4. Establish the ...