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Updated about 6 years ago on . Most recent reply

User Stats

75
Posts
52
Votes
Derek Gibbs
  • Real Estate Investor
  • Ann Arbor, MI
52
Votes |
75
Posts

Finally closed on our first multi family building!

Derek Gibbs
  • Real Estate Investor
  • Ann Arbor, MI
Posted

Well, two actually. After 14 months of courting the seller and working through the purchase process, we have finally closed our first deal. Two, 8 unit buildings. We are looking forward to learning this business and moving into bigger complexes as we gain more knowledge and grow. It feels good to finally see some return on our time investment. Thanks to all the BP folks that helped us to get this done.

Most Popular Reply

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1,014
Posts
672
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Henri Meli
  • Investor
  • Morrisville, NC
672
Votes |
1,014
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Henri Meli
  • Investor
  • Morrisville, NC
Replied

@Derek Gibbs . Congratulations on getting  your first big one. That's what taking action is all about.

Can elaborate on "courting the seller"? Did you do seller financing? I'm interested in some creative ways to do seller financing on deals. 

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