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Buying an Apartment Building: Complete Guide

AAOA

Understanding What Youre Really Buying When youre buying an apartment building , youre not just purchasing property, youre acquiring a business. That business has income, expenses, employees (property managers, maintenance), customers (tenants), and systems. Due diligence is where many deals fall apart or get renegotiated.

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Distressed Property: What It Is And How To Invest

AAOA

Oftentimes, they sell these properties at auctions, where investors can purchase them at below-market prices. However, foreclosures can involve risks, such as unknown property conditions or hidden liens. So, its critical to do your due diligence. Other specialized real estate platforms can also offer valuable leads.