Most real estate investors think that flipping apartment complexes is our of their price range and ability. The entire workflow of wholesaling multi-family units has a resemblance to flipping single family homes, and given the bad assumptions of the endeavor, its easier to take advantage of this niche market of real estate investing. Current market conditions have created circumstances that the educated real estate investor can cash in on.

I’m disabusing you of 3 incorrect assumptions below about flipping apartment complexes…

1. You need good credit to get involved in apartment complexes FALSE! The truth is, banks care even less about your credit score when investing in apartment complexes. This is because banks understand that most private citizens can’t afford such a big down payment on large multi-family complexes so they look to the actual complex itself as the sole collateral (also known as a non-recourse loan). Your credit score becomes irrelevant.

2. You need a lot of money to invest in apartment complexes FALSE! Apartments, as part of the commercial asset class, have a long-standing tradition of being bought with other people’s money. The use of limited partnerships and syndicates bringing together private investors to do these deals is very typical. And with the current economy there is no shortage of people realizing the HUGE income potential and tax benefits of investing in apartment complexes.

Myth 3… Apartment deals are just too difficult in comparison to flipping single-family homes. Untrue! Flipping apartment complexes is hassle-free by contrast. Most investors are intimidated by the larger numbers in these deals. That means less competition, and more buyers for your apartment deals. Property management companies are hungry for more business, to handle the day to day issues. Put those big numbers in these deals as fat zeroes on your assignment fee checks.

Flipping apartment complexes is incredibly profitable. Dealing with larger profit margins, an abundance of buyers, and using other people’s money makes it the perfect opportunity for today’s investing conditions. They just aren’t the problematic real estate investment they are often made out to be. If you are a professional real estate investor, take a serious look at this oft-ignored avenue of investing.

Michael Kimble is currently giving away his 7 free proven marketing systems for other investors at his Wholesale Real Estate investors site.