Agents Online Real Estate Forums, Discussion, Realtors Marketing Tips

Follow AgentsOnline on Twitter

Click Here to display our logo on your site and link to us!
AgentsOnline Real Estate Discussion Forums Logo

Realtor CommunityA popular online real estate community since 1998!

Free Foreclosure Webinar

Sponsored Links
How To Advertise Here
How To Advertise Here

Good Idea!
Realtor Promotion Service

Sponsored Links
(Views)Popular Topics
No new orders today 13153179
Stupid MLS comments. 3368143
What do you know about Froy Candelario, top agent in USA 1241636
Stupid QC comments and BPO requirements. 1110998
New HUD Listing Brokers---Any Update? 1065402
Is there religious content in Buffini class? 854536
Let's talk about our cars 705927
Most common items found at an REO 631017
Name that Flick. Great movie Lines. 630075
Pay it Forward - BPO/REO Tips & Tricks I & II 621186
EML 459235
Main Street 452519
asset val seminar in colorado 427200
assist 2 sell or 1 percent realty? 357951
HOMONYMS - There, Their, and They're 333326
Evalonline 300210
Land America 285053
Mainstreet 261860
Matched Content
Topic Options
Rate This Topic
#433987 - 03/14/14 02:20 AM Buying and Renting Out Small Apartment Buildings
OttawaFortLaud Offline
Junior Member

Registered: 03/14/14
Posts: 2
Loc: Ottawa and Fort Lauderdale
I want to a small four-apartment building and rent it out to people and get paid by them every month but the banks won't give me a loan to buy a building because I don't make enough money at my current job. What do I have to do if all I want to do is buy an apartment building and rent it out.

#433991 - 03/14/14 02:46 AM Re: Buying and Renting Out Small Apartment Buildings [Re: OttawaFortLaud]
Vermont Offline
Major Contributor

Registered: 04/12/08
Posts: 7868
Loc: Vermont's North-East Kingdom
Maybe take on the role of being a Property Manager for someone else for a few years and then be in a position to demonstrate that you are psychologically outfitted and have the ability to attend to the needs of both the building and its tenants while still producing black ink on a bottom line.

That might impress a Lender; but I'd plan on buying an already in existence building instead of trying to get a construction loan in order to build a new one.
Dale C. Hittle of GOLDEN RULE PROPERTIES in Glover, Vermont
Where We're Always Striving To Put Together "THE FAIR DEAL"

#436524 - 06/02/14 08:06 PM Re: Buying and Renting Out Small Apartment Buildings [Re: Vermont]
Shilpa Offline

Registered: 05/29/14
Posts: 29
Loc: Karnataka, India
Very good Idea.

#436773 - 06/13/14 04:57 PM Re: Buying and Renting Out Small Apartment Buildings [Re: Shilpa]
buysell-browse Offline

Registered: 04/18/14
Posts: 37
Loc: US
Start smaller: buy a duplex (2 attached units). You could live in one of the units, and rent out the other.
_________________________ * Free Classifieds Advertising & Promotion *

#437497 - 07/10/14 09:49 AM Re: Buying and Renting Out Small Apartment Buildings [Re: OttawaFortLaud]
Bay Area Brian Offline
Veteran Member

Registered: 06/09/07
Posts: 613
Don't think smaller, think larger instead, more units by using a master lease and a option to buy. vacancy in a duplex means half the units are empty. vacancy in a 12 plex much easier to digest.

#439677 - 10/03/14 03:39 AM Re: Buying and Renting Out Small Apartment Buildings [Re: OttawaFortLaud]
PotomacRealty Offline
Junior Member

Registered: 10/02/14
Posts: 6
Loc: Virginia, USA
Apply for a asset-based commercial mortgage. These loans are based solely on the value of the real estate and the projected cash flow. Not the borrower's income or credit.
They have a maximum loan to value of 65%, but they are easy to get approval.
Call me if you need help

Richard 434-325-7229

#456092 - 12/30/16 09:04 PM Re: Buying and Renting Out Small Apartment Buildings [Re: PotomacRealty]
Jhony Offline

Registered: 12/13/16
Posts: 44
Loc: Maharashtra > Other areas
Very Good Idea


Google Custom Forum Search

This Google Custom search may do a better job of searching the forums for some keywords than the old forum search does. The results do not include threads from the Asset Managers Forum however. To search that forum you will need to be actually in the Asset Managers Forum and you will need to use the old forum search below.

Newest Members
InternGrinder, Diamond Concrete, OnTheDownload, rhea_re, Preferred Group
30254 Registered Users
Who's Online
2 registered (DJM, 1 invisible), 34 Guests and 6 Spiders online.
Key: Admin, Global Mod, Mod
Shout Box


Top Posters (30 Days)
dotcom_agents 16
Tim Bizz 14
Trouble 13
T.T. 11
Vermont 11
gitmonee 10
estatereal 10
Daniel1234 8
Z06Fanatic 8
Dianne 7
Mr. Clean 7
sualk54 5
RonnieEmz 5
mikeInSeattle 5
VABroker 5

How To Advertise Here

This site presented by RNC Internet Services