I have $25k saved up how do I buy my first apartment complex?
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[{"id": "g6vzlwh", "text": "You don't", "replies": [{"id": "g6vzr7f", "text": "Sure they do. Just need to do that about 7 more times.", "replies": [], "depth": 2}], "depth": 1}, {"id": "g6vzt1l", "text": "Spend 25k on personal trainers and marry a wealthy foreigner.", "replies": [], "depth": 1}, {"id": "g6w17j3", "text": "It depends on your location. \n\nInvestment properties need 20% down + you should have a cash reserved for Potential issues. So you realistically have enough for an 70k building. Depending on the area, this could be possible. And depending on the numbers it could could worth it.\n\nYou could do an FHA loan, 4% down and you have to live in the property for atleast one year. You\u2019ll also have to pay for mortgage insurance doing this. There most likely won\u2019t be any profit and you\u2019ll have to chip in monthly. you\u2019ll also want a cash reserve for issues that pop up + you\u2019ll have to manage yourself. You could put 15k down on a 250k property, keep 10k for issues, and live in the nicer of the units. \n\nYou could partner up with somebody that has experience in and willing to teach you the process. \n\nor you could walk into a local property investment firm and ask for advice. They might help you find deals off the Market and build connections", "replies": [], "depth": 1}]