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Updated about 5 years ago,

User Stats

42
Posts
4
Votes
Michael Doyle
  • Waukesha WI
4
Votes |
42
Posts

42 Unit dream deal opportunity

Michael Doyle
  • Waukesha WI
Posted

So I am very green and have no idea where to begin. My past customer has contacted us with the desire to no longer have the responsibility of owning these properties. He has 42 total units including 3- 6 family, one 5 family, 1 single family and an office with 12 units. He is interested in selling to us and I am not going to be intimidated by this but I am green and I don't know anything. Other than reaching out to lenders, what would be the proper course of action or steps to analyzing and doing due diligence for a property of this magnitude. Also, it is not in my state but about 2 1/2 course from me. We are going to discuss some seller financing options with him but even there I am searching for ideas. He claims he would be willing to property manage for the 1st couple of years to ease transition. Thank you all

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