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.

: This is the most critical phase. You must verify the rent roll , examine the T12 (trailing 12 months) financial statements, and conduct physical inspections of plumbing, roofing, and structural integrity. Key Investment Rules The 1% Rule : Monthly rent should ideally be of the purchase price. buying your first apartment building

: For higher profitability, some investors aim for monthly rent to be of the price. : Apartment loans often require a larger down