Is this a good time to Buy an Apartment Building?

Real Estate Agent with Weichert Realtors

My name is Ted Karsch. I have been a real estate investor, nationally recognized investment counselor and commercial mortgage specialist for most of my adult life. Every day, in my role as commercial mortgage consultant, I speak to at least 4 or 5 people who are brand new to commercial real estate investing and are eager to get started. Most of these people have some experience in residential real estate investments. For example, they may own a duplex or two that they lease. But, investing in apartment buildings attracts them for numerous reasons. Many are surprised to learn that investing in an apartment building can actually be easier than investing in single family homes.

The problem that many new investors face when looking at apartment buildings as potential investments is that they don't have the tools or knowledge to perform some key tasks that are essential to apartment building investment success. I have designed the "Buy Your First Apartment Building E-Course" with the brand new commercial real estate investor in mind. My Ecourse will take you from absolute beginner to buying your first apartment in as little as three weeks. The amount of work you put into the course and how well you follow the directions will determine your ultimate success.

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Comments (2)

Frank Rubi
Frank Rubi Real Estate, LLC - Metairie, LA

Frank, what I am finding is that investors are being asked for 25% and up in down payment. This is becoming a challenge when buyer with credit score in the 700s are ask for co borrowers on apartment complexes. Investor would buy up inventory but the banks are not interested in this business model in my market.

Dec 22, 2009 01:43 AM
Jane Nicastro-Disch Warren NJ
Weichert Realtors - Watchung, NJ
NJ Estates Real Estate Group of Weichert Realtors

Frank, thank you for your reply to my post. Co-borrowers can also get the tax brake. Regards,

Dec 22, 2009 02:14 AM