Buying Your First — Apartment Building

: Apartment loans often require a larger down payment (typically 20-30%) and a more rigorous approval process than residential mortgages.

: Have three months of living expenses, three months of mortgage reserves, and compare at least three properties before buying. Pros and Cons of Apartment Ownership Buying Your First Apartment Complex: An Investor Guide buying your first apartment building

: Determine the size of the deal and the target market. Assemble a team including a commercial real estate broker , lender, property manager, and real estate attorney. : Apartment loans often require a larger down