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Updated over 10 years ago,

User Stats

454
Posts
227
Votes
Nik S.
  • Ohio
227
Votes |
454
Posts

When is it best to close a deal?

Nik S.
  • Ohio
Posted

Hello everyone! I'm going to close on an apartment complex(s) tentatively on the 31st of this month. Considering rents are due on the 1st of the month, is there foreseeable problems by closing on the last day of the month?

Pro-rations have to be done etc...but my question is will I have a problem come the 1st when it's time to collect the current tenants rent $?

When is the best time to close on an apartment complex? Beginning of month? Middle of month? End of month?

Not sure on when I should tell my lender when I would like to close.

All suggestions/advice welcome!!

Thanks!

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