Is it possible to buy apartments and rent them out for 10,000?

Question

looking to buy some apartments for 10,000 or less. possible take over somebody else rental property.i heard if i stay in one apartment, i can rent out the rest.

Answer

You can look on several web sites like realtor.com, zillow.com, and craigslist.org to find out the market in your area. In most cases today if you want to purchase and rent the property out then you will need 20% down. This is not the best market to buy into right now. People are still loosing there homes at a high rate so make sure you are making the right decision.

Answer

It depends upon the location and quality of apartment there are some affordable apartments available for rent in Montgomery, Alabama.

Answer

Buying an apartment is an investment and a good idea. However, purchasing at this time may not be the best choice. If you want to see apartments that are for rent that has huge area, check out Sycamore Terrace Apartment at Temecula,CA

Is it possible to buy apartments and rent them out for 10,000?

Answers (3)