Approximately how much do u need to own or buy an apartment complex buildings?
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Hi everyone, this has been always my dream, my goal is I want to buy and own a whole apartment buildings, in other words for example like you find an apartment and you decided to rent to live in, but I want to own all the houses from that apartment. So about how much it would be to buy an apartment?
If you can tell me the average value is fine, and also if you know where on the website or any other places I could get for the information, please tell me to do so I would very glad them. Again, I need to as much information as possible on this business, because I think this is a great thing you can make money with your investment and plus I think this would be the only business I will do if I have the cash on my hand. I hope this idea work, if not then I will just find a good career like to be doctor, etc. just to work for a company or a corporation. Thank yo so much guys.
too many variables in your question to answer… for example… how many units, location, how they were built, when they were built… but creatively some apartments in the U.S. can be picked up with little to no money out of pocket if you schedule the closing the day rents are due, then use those monies for your down payment.
too many variables in your question to answer… for example… how many units, location, how they were built, when they were built… but creatively some apartments in the U.S. can be picked up with little to no money out of pocket if you schedule the closing the day rents are due, then use those monies for your down payment.
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In Dubai UAE, you can buy one floor for 400,00USD and above, depending on ur dream budget you can choose number of floors in the building.
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Cash rules. Save as much of it as you can. Although "no downpayment" deals between buyer and seller are touted by TV pitchmen trying to sell seats in seminars, in the real world, cash speaks volumes. There are no down payment deals out there but they are usually land contract or owner financed deals on distressed properties.
Property values and prices vary according to location, number of units, age, etc.. There will be fairly extensive listings in the classified ads of all local newspapers … especially the weekend papers.
Good luck.
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