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Updated almost 12 years ago, 02/15/2013

User Stats

39
Posts
10
Votes
R. Kerry Brooks
  • Rehabber
  • Prattville, AL
10
Votes |
39
Posts

Questions on a 22 unit apt I have a lead on

R. Kerry Brooks
  • Rehabber
  • Prattville, AL
Posted

Ok so I have a lot of experience with SF homes, I can evaluate them and negotiate with owners just fine, but this morning I got a lead from one of my guys on a 22 unit apt building with a motivated owner offering to sell with something down (asking for 50k) and take over payments.

Before I call the owner I would like to get some help on questions I need to ask to be able to evaluate this deal. I also must tell you I am not looking to try and buy it myself. I will either look to do a partnership on it or just wholesale or assign to another investor.

So question is:
1. What is a good set of question to ask when calling owner.
2. Main things to find out or look for on site visit.

By the way I am a contractor by trade so pretty comfortable with looking for maintenance issues, mainly looking on evaluating from money side and structuring deal.

Thanks in advance
Kerry

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