Multifamily apartment buildings for sale
Buying your first multi family apartment building ?. Reach out to a Apartment Building Specialist – he or she will ask how much you are willing to put in. The down payment , usually 30-35%, determines what price range you can look for. So now you must establish a criteria, it must be within your price point, and it must have at least five units. Why the minimum of five units? Because at five units and above, you’d be able to get a commercial loan with easier lending standards. The loan is determined more by the building itself rather than your personal qualifications.