Buying your first home is exciting. You can make it even more exciting if you combine your purchase for a place to live in with a home to rent out. It is not common to think of investment real estate when you are buying your first home, but with a multi-unit property, it is not only possible, but beneficial.
Apartment building loans are a lot like other residential real estate financing. It all starts with a property, borrower, and lender, and it all ends, if all goes well, with a closed loan and newly purchased or refinanced property.
Here is a guide to what borrowers need to know about how to buy and finance apartment buildings:
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