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Updated about 6 years ago on . Most recent reply

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55
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Darius Anderson
  • Rental Property Investor
14
Votes |
55
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Need to close on a Multi family in 35 Days

Darius Anderson
  • Rental Property Investor
Posted
So im pressed for time and i only have 30, 35 days to find analyze inspect appraise and close on a Multi family i need a Pro's Advice i also need alot of different perspectives on were to look and how to go about it what strategy and process do you use ?

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Brian Burke
#1 Multi-Family and Apartment Investing Contributor
  • Investor
  • Santa Rosa, CA
6,907
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2,283
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Brian Burke
#1 Multi-Family and Apartment Investing Contributor
  • Investor
  • Santa Rosa, CA
Replied

I can only think of one way to do this:

1. Don't be picky about what property you buy

2. Grossly overpay so that you make sure your offer is accepted

3. Pay cash so you don't have to get lender-required inspections, appraisals and all of those hassles nor have a pesky lender underwriting your deal.

If that sounds like a recipe for disaster or a totally bad investment strategy, that's because it is.  Buying property with a gun pointed at your head is truly Russian Roulette.

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