Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 7 years ago on .

User Stats

16
Posts
2
Votes
John Strong
  • Fairbury, IL
2
Votes |
16
Posts

1031 pizza/bowling to multi family apt building

John Strong
  • Fairbury, IL
Posted
My question is how to handle the initial introduction of my idea to agents. I have a paid for restaurant/bowling/bar building currently renting to myself. I would like to stop pizza after 32 years here and get a large multi family of 25 to 40 units with the proceeds from the sale. I do not want to list the restaurant place as not to disturb my employees and customers. I am located in fairbury and would like a complex in the east of peoria and west of champaign in central illinois. My thought is to write up with pictures what I have to sell and what I want to buy and send out to a lot of real estate sales companies. Is this the best way to get started? If i sold for 400k I think I would be able to qualify for 1.2 million purchase. I have 17 other units and been self managing for 25 years.