Have you wanted to invest in apartment buildings but don’t know where to begin?
For many renting is a way of life, and more people are choosing to rent rather than buy, even if they can afford to purchase a home.
Can you take advantage of the fact that it’s acceptable, if not en vogue, for many to be renters for life? Of course you can. You just buy the places everyone else is renting!
The first and perhaps most obvious method is to simply buy the building yourself. Of course, this requires the most upfront capital, and it can be the most intimidating of the methods listed here.
When I purchased my first apartment building, I did it with a partner. I wanted to purchase in a certain up & coming area, and I didn’t have all the funds I needed to make it happen. So, I partnered with a friend, pooling our capital.
Remember that long list of things you have to do when you’re buying a property by yourself? In this case, the syndicator, or the one running this investment, will do all of those things for you.