Comments on: apartment building with no money down? http://aspenfinancialgroup.com/apartment-building-with-no-money-down.htm Fri, 21 Oct 2011 00:09:40 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Landlord http://aspenfinancialgroup.com/apartment-building-with-no-money-down.htm/comment-page-1#comment-2129 Landlord Mon, 25 Jan 2010 16:33:29 +0000 http://aspenfinancialgroup.com/apartment-building-with-no-money-down.htm#comment-2129 You need at least 25% down to buy an apartment building. I am amazed ANYTHING in Kansas is worth 27 million, but I have never been to Kansas. No bank, or investor would touch this without appraisals and inspections. No one with that kind of money is that stupid. You need at least 25% down to buy an apartment building.

I am amazed ANYTHING in Kansas is worth 27 million, but I have never been to Kansas.

No bank, or investor would touch this without appraisals and inspections. No one with that kind of money is that stupid.

]]> By: lardawg54 http://aspenfinancialgroup.com/apartment-building-with-no-money-down.htm/comment-page-1#comment-2130 lardawg54 Mon, 25 Jan 2010 16:33:29 +0000 http://aspenfinancialgroup.com/apartment-building-with-no-money-down.htm#comment-2130 No money down means they really want to unload a building that is riddled with problems. Before any lender would give you any kind of a loan. The building must be inspected for Codes, plumbing, sprinkler systems, electrical, and structural. My thoughts would be to forget about this, it would probably cost you millions to update this building to code and then fill it with tenants or leaser's. No money down means they really want to unload a building that is riddled with problems. Before any lender would give you any kind of a loan. The building must be inspected for Codes, plumbing, sprinkler systems, electrical, and structural. My thoughts would be to forget about this, it would probably cost you millions to update this building to code and then fill it with tenants or leaser’s.

]]> By: goz1111 http://aspenfinancialgroup.com/apartment-building-with-no-money-down.htm/comment-page-1#comment-2131 goz1111 Mon, 25 Jan 2010 16:33:29 +0000 http://aspenfinancialgroup.com/apartment-building-with-no-money-down.htm#comment-2131 It's nearly impossible to find a no money down for residential, you will never find a no money down for investment , realistically unless the owner wants to hold the note you will have to place any where form 30% to 50% down It’s nearly impossible to find a no money down for residential, you will never find a no money down for investment , realistically unless the owner wants to hold the note you will have to place any where form 30% to 50% down

]]> By: Mark C http://aspenfinancialgroup.com/apartment-building-with-no-money-down.htm/comment-page-1#comment-2132 Mark C Mon, 25 Jan 2010 16:33:29 +0000 http://aspenfinancialgroup.com/apartment-building-with-no-money-down.htm#comment-2132 You will need 20% in cash and an experienced management team to purchase anything of this size before any lender will talk to you. An appraisal is easy, the cost will depend on the detail your lender needs. They look at condition, location, cash flow and comps. For a building that size, figure an appraisal will cost 10 to 30k. Nice to dream anyway. You will need 20% in cash and an experienced management team to purchase anything of this size before any lender will talk to you.

An appraisal is easy, the cost will depend on the detail your lender needs. They look at condition, location, cash flow and comps. For a building that size, figure an appraisal will cost 10 to 30k.

Nice to dream anyway.

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