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Updated almost 9 years ago,
9 Unit Apartment -Deal or No Deal?
I have recently came across what appears to be my first big step into real estate, BUT I have 2 problems. I need a cash investor to get the deal done and I need a very experienced person to help me analyze the deal. I believe this is beyond a calculator/running comps because of the location. If you are willing to help with cash or advice please let me know ASAP. I am looking at the complex tomorrow and I refuse to fail. I am willing to do 80/20 split. You get 80 and I take 20 or even a finder's fee for help. I want to buy and hold. Asking price is $3.75million and I am 99% sure it isn't worth that and the owner needs to get rid of it ASAP. I realize that I probably won't find an investor that will take 100% risk, but I am determined to make this happen IF it's the right deal. So deal or no deal?