How to Buy Apartment Buildings With No Money
Thinking of investing in commercial real estate? This article is for new investors to explain Where to Start.
A lot of new investors have tried to first invest in other types of commercial properties such as office buildings or shopping centers; only to realize that the transition is just too drastic and it ends up costing them the property, all their money leaving them deep in debt, destroying their credit and it takes years for them to recover.
Apartment buildings are tremendously easier to purchase, maintain & put on auto-pilot simply because most of us already understand how to rent an apartment and tenants are almost always readily available.
The buying process for other commercial properties (like shopping centers or office buildings) is not much different however the financing is much more difficult to obtain and leasing usually requires a team of very experienced individuals to negotiate contracts with business tenants.
If you’re a new investor with little or no cash to invest, you MUST first start out with apartment buildings. Once you own at least 2 properties with at least 50 units in each property (which should be more then enough to pay you over $10,000 a month in net passive income cash flow) you can then branch out to other areas of commercial real estate.
After you own a few apartment buildings and have those properties generating you enough monthly cash flow; THEN you can absorb any vacancies that might come from not being able to rent out space in your office building, warehouse or shopping center.
Apartments are where just about all successful commercial real estate investors started out, so why try and fight the odds. Apartments are the fastest, easiest and safest way to create monthly income and massive profits.
While it is technically possible to have your first deal be a warehouse, shopping center or office building… the statistics show that it almost never happens.
Most investors who first try to jump to other commercial properties before they own a couple of apartment buildings, inevitably fail and quit this business never to return…
That’s why I teach boot camps training seminars which focus on how to buy apartment buildings with no money at all. While I do teach about all types of commercial real estate, I focus on apartment buildings because the process with apartments is much faster and easier then it is with other types of commercial real estate.
If you want to succeed, your first commercial property must be an apartment building. This is the fastest and easiest way to create a steady stream of monthly Passive Income each and every month for the Rest of your Life!
Anthony Minnuto
www.passiveincomerealestate.com
Real Estate Investing for Passive Income & Residual Cash Flow
| 
| 
| 
| 
| 
| 
Related posts:
- How a New Real Estate Investor Can Buy Apartment Buildings With No Money at All Passive Profits Bronze Issue #1 Where to Start A lot...
- Buying Apartment Buildings – Good Move? Not that there’s anything wrong with fixing up junkers, you...
- How To Buy Apartment Buildings Why buy apartment buildings? Well, you should get more cash...
- Buying Apartment Buildings is actually easier than single family homes Copyright (c) 2009 Joe Florentine1. Funding has dried up for...
- New Residential Scheme In Greater Noida A new residential scheme for lower and middle income groups...
Related posts brought to you by Yet Another Related Posts Plugin.
The first thing you need to know about such investing is that a lender will require a minimum of 20% of the purchase price as downpayment. The send thing you need to know is that you will need a good job with income as well. I gather that you are thinking you can become an investor with little or no money. That isn't going to happen.
Don't know exactly what help you need? Sounds real good so far though.
Can you cry under water?
Yea, it's just easier for no one to notice
Why does a round pizza come in a square box?
*checks* mine did :]
What disease did cured ham actually have?
We will never know.
How is it that we put man on the moon before we figured out it would be a good idea to put wheels on luggage?
Because the guy who invented the luggage on wheels was holding out on us that douche
Why is it that people say they 'slept like a baby' when babies wake up like every two hours?
Maybe in truth they really did wake up every 2 hours
If a deaf person has to go to court, is it still called a hearing?
Yea, but idk if it's fair for the deaf person though
Why are you IN a movie, but you're ON TV?
I was never in a movie, but i really was ON t.v.
Why do people pay to go up tall buildings and then put money in binoculars to look at things on the ground?
Cuz it's cool! *looks* OMG A PENNY!!!
Why do toasters always have a setting that burns the toast to a horrible crisp, which no decent human being would eat?
Maybe the toast is frozen?
Can a hearse carrying a corpse drive in the carpool lane ?
Yea i've seen it before….that was sorta weird
If the professor on Gilligan's Island can make a radio out of a coconut, why can't he fix a hole in a boat?
He secretly liked the island and never wanted to leave…..oh and also i guess cuz the show would have what like 3 episodes?
If Wile E. Coyote had enough money to buy all that ACME crap, why didn't he just buy dinner?
He had some issues with being a failure
If corn oil is made from corn, and vegetable oil is made from vegetables, what is baby oil made from?
Oh no Johnson&Johnson's been found out!!! :O
If electricity comes from electrons, does morality come from morons?
…….wha?
Do the Alphabet song and Twinkle, Twinkle Little Star have the same tune?
So does the Barney theme song and some other song *sorry i forgot what song*
Why did you just try singing the two songs above?
Wha…? Why you don't like my singing? :[
Why the sun lightens our hair, but darkens our skin?
I know that pisses me off! XD
Why women can't put on mascara with their mouth closed, or men shave with their mouths closed?
Cuz it looks like we know what we're doing.
Why don't you ever see the headline "Psychic Wins Lottery"?
It would be too much of a give away
Why is "abbreviated" such a long word?
Irony!
Why is it that to stop Windows, you have to click on "Start"?
Ask Bill Gates....
Why do they sterilize the needle for lethal injections?
Some criminal's a neat freaks?
Why don't sheep shrink when it rains?
They know better than to stand out in the rain....silly
Why are they called apartments when they are all stuck together?
Haha idk that one
If con is the opposite of pro, is Congress the opposite of progress?
Hell yea!
If flying is so safe, why do they call the airport the terminal?
The guy who invented the airport was a very funny man :]
WOOHOO i had a blast
Tell her how dangerous it was for the family to live there — make her understand that the house she lived in and grew up in (your husband too) is no longer what it used to be, peaceful, quiet. A street, a house, a town, changes alot in 70 years! Thank her for the new home and land that she has allowed you to have (yes, granted you did buy the house from her, it wasn't a gift), but to her, it probably meant a lot. Keep her abreast of the kids' activities, development, and pictures, and have the kids call her and tell her they love her. If she refuses to visit you there, go visit her, and share your lives with her. Hopefully she'll warm up to you, and understand. Good luck!
Leave him now
I like the analogy of comparing capitalist buildings to socialist ones. If only it were that simple. The ugly truth is that either economic system can be abused, and neither capitalism or socialism is without potential problems. Some of the best countries sort of combine the two, and that can work well, but there is still the potential abuse problem. As for me personally, I have to admit that capitalism hasn't worked out very well for me despite my best efforts. I am not sure it would have been better under socialism. The decision is out of my hands anyway, but socialism might be worth a try.
As children we always find a place that holds deep memories for us to remember. These memories could come from events that have occurred in the person's life – places we go or see might trigger these memories from the past. As time has gone by, many changes have occurred in my city of Pasadena where I had some positive and negative memories as I was growing up that developed and influenced the way I chose to live my life.
Before we moved to Pasadena, my family lived in Chinatown, in Los Angeles. Our apartment had one bedroom, one bathroom, a small kitchen and a tiny living room. My father had to work hard to save enough money to move us into a bigger place. Eventually, he bought a house in Pasadena. The Pasadena house was quite different from the Chinatown apartment. It had a bigger living room and more bedrooms. Whereas the apartment was surrounded by commercial and other apartment buildings, empty lots surrounded the Pasadena house. The neighborhood was still in the construction phase and not many houses were built. The streets were unpaved and the sidewalks not yet poured.
[***THIS BIT IS AWKWARD - the past and present tenses are mixed up - rephrase it - ***As time went by, the stages of construction compares to when I was a young child and then moving along the different stages of life, as I become an adult***].
At that time, Pasadena did not have any parks with playgrounds for my friends and me to play in. Therefore, there were a lot of open lots around the neighborhood of Pasadena where my friends and I would have our own sandlot. We would gather many children around our neighborhood to play baseball. We made our own base path to run around and mark where the foul ball lines would be. There was also no grass in the outfield to slow the ball down, so if the ball reached the outfield it would skid along the dirt and pass the outfielders for a home run. Another thing my friends and I would do is bring shovels to make several dirt ramps by piling dirt together. Then we would use our bikes to jump off these ramps to see who would jump the highest and we would also try to do some tricks. Sometimes when I go by these open lots it brings back fond memories I had with my friends when we used to play in there.
As the years went by, the city of Pasadena started to change with more houses and buildings being built. Dirt roads are now covered by asphalt and streets finally have sidewalks. More people are starting to move into Pasadena as well as gang members. My memories of Pasadena have changed and it also made me feel ashamed to be living here, since these gangs would graffiti their names on commercial buildings, on people’s houses with block walls, and on the sidewalls of liquor stores. These gangs want to put their names (gang signs or nick names) on these buildings to show who owns the territory. However, it has made my city look ugly. I remember a few times when the block walls on my house were covered with graffiti. This angered me so much that I wanted to catch these gang members who did this to my own house.
One of my memorable memories while living in Pasadena would be the influence of my friend Joe’s dad, a next-door neighbor, who would teach us how to tune up a car. Joe’s dad showed us how to use a car jack and where to put the car stands if we were going to change the oil in a car. He showed us what we had to unscrew, the nut that was holding the old oil, and also we how we had to unscrew the old oil filter and replace it with a new oil filter. Then he showed us where the oil needs to be poured into and how to check the level of oil so it would not overflow. He also showed us how to replace spark plugs if we have to change them. By replacing new spark plugs, he told us that we have to use the spark plug gap for each new spark plug because it needs to be the right gap size. To find the gap size he showed us how to look it up in the car manual. Besides teaching us how to tune up a car he would also try to get us involved in sports by enrolling us in leagues for baseball, basketball and football, so that way we would stay out of trouble. He was a man who I looked up to and who was there for me when I needed to talk. Joe’s dad influenced me by being there and teaching me new things. As an adult, I am always involved in sports and I also know how to change the oil and replace spark plugs when I need to tune up my car.
A horrible memory I had was when I went to Emerson Elementary School. It was down the street from my house and I was in the 4th grade at the time. It was during recess time and my friends and I found a body lying behind a tree where we were playing on the swings. I recognized the person because he was one of my classmate’s brothers who was from a gang. He had a few bullets lodged in his chest with blood flowing out and onto the ground. We ran and told the teacher about it and Mrs. Johnson called the police. The police officers arrived and asked me and my friends what had happened. We told the police officers that we found the body lying behind the tree where the swings were located. The police officer went over to check if the person was still alive as emergency crews were arriving. An emergency helicopter was also on scene as it had flown onto school grounds and they wheeled the body onto the helicopter. School was let out early that day and I could not forget what had happened. At night, when I went to sleep I could not sleep because I could not forget what I had seen. The next day at school they announced that the person had died on his way to the hospital. This memory has stuck out through my life, as I could not forget what had happen on that day. It also influenced me to not join a gang because I do not want to get shot and die.
Another negative memory I had was when I was playing Little League baseball. I was at Smith Park, just a few blocks away from my house. At the time, I was 10 years old playing for the Yankees. It was in the top of the 4th inning and I was playing left field. All of a sudden I heard gunshots fired. I ducked down to the ground and covered myself hoping the bullets would not hit me. People in the stands scattered all over the place as gunshots rang throughout the area. I did not get up from the ground until my coach came over and told me everything was safe and luckily no one was hurt. My teammates and I gathered around the dugout to talk about what had happened. I told them I was not scared at all and showed them I was brave, but deep inside I was scared and I felt my legs shivering. That day made a huge impact on my life because I do not want to live in a neighborhood where gunshots are being fired at a baseball game and where kids can be killed or injured.
By living in the neighborhood of Pasadena, and having friends and family that are supportive made me realize that I want to succeed and to do better for myself. To get myself out of Pasadena by earning a college degree and getting an entry-level job position. I want to live in a neighborhood where there is no graffiti on the walls and no gunshots being fired on a daily basis. In retrospect these memories have made me appreciate the little things that life has to offer and have kept me going in the positive and not in the negative direction which could ruin my life in the process [**this ending sentence is a little awkward sounding - 'where it can ruin my life in the process' - what about 'which could have ruined - or ended - my life altogether'. ]
According to the The Controlled Substances Act (CSA):
Action: Possession
Penalty: 1st offence – Not more than 2 years and/or not more than $5,000.