Wednesday, September 19, 2007

How to buy an income Producing Apartment Building

Buying apartment buildings that aren't for sale starts with a three step search procedure. you first make a decision what you're looking for. Do you want 10 units or a 60 unit apartment building? The second step is to start looking for properties that fit your criteria. Lastly, you contact the owners. First of all, if you are new to investing don't start with fixer-uppers. You should consider 10 or 30 units and see how you can administer them. Frequently most owners of apartment properties have measured selling, so you should start with stimulate sellers of apartment building.

Stop by units in your neighborhood and take a look at a few available units. Ask the executive if the owner would be paying attention in selling? Clarify to the manager or owner that you are an shareholder, not a negotiator.