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Buying an apartment complex (16 unit property)
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Question:I am buying my first apartment complex, a property with 16 units. I am a bit nervous about it. I am buying this on the retail market meaning through a realtor. What questions should I ask the realtor?
Answer:Here are a few important questions to ask:
Once you have the building financials you will have a lot more. If they cannot provide satisfactory answers to all of the questions listed above I would be a little suspect. Other questions beyond the rent returns are: