Lenders often care more about the building’s income (Debt Service Coverage Ratio) than your personal income.
Experienced investors emphasize that "buying an apartment building" is 80% preparation and 20% execution. The Good: Why Investors Love It how to buy an apartment building
What is your (e.g., first-time buyer or moving from houses to apartments)? Lenders often care more about the building’s income
Learning the due diligence process and finding "hidden" profits. how to buy an apartment building
by Ken McElroy: Highly recommended for beginners for its "no excuses" breakdown of the basics.
“I suggest starting with a book by Berges or Lindahl or both. That should give you a good introduction to how multi-units are valued, that is the biggest concept to grasp IMO.” BiggerPockets · 12 years ago
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