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Updated over 11 years ago on . Most recent reply
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Newbie needs help,
Listers,
I'm brand new to this forum and only a few months into my real estate investing. I had a call this morning from a disgruntled landlord who has 60 units in a nearby town. The units are all very close together and a mix of 3/2 homes and apartments, 95%+ are occupied, and he reports they are in good repair with $20k/mth income. He hasn't told his management agency he is wanting to sell, and is interested in meeting to talk further. My intent here is to act as a broker/wholesaler on this deal or organize a group of investors to fund the purchase. I intend to meet with him this week to learn more about the properties and see how motivated he is. What must I walk away from that meeting with? Units details, understanding of his position and motivations, ....what else???
Thanks
Troy