Buying: An Apartment Building Beginners

Income minus all expenses (excluding debt).

Valued based on the income it generates, not just neighborhood comps.

Talk to local banks and credit unions; they often love smaller multifamily deals. buying an apartment building beginners

Always set aside a "CapEx" fund. Roofs and HVAC systems for 10 units cost a lot more than for one!

Unless you want to be the one fixing toilets at 2 AM. Income minus all expenses (excluding debt)

In multifamily, the numbers tell the story. Focus on these three:

The rate of return based on the property’s income. buying an apartment building beginners

You can't do this alone. You need: