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Updated almost 5 years ago,

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Jessica Grimm
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7
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Order of operations for multifamily purchase

Jessica Grimm
Posted

We have about 15 SFH properties that we've acquired over the years but we've not delved into multifamily. We are looking at a 11 unit apartment complex. I need the rental agreements, etc to run numbers more accurately. We do not currently have a buyers agent.
What is the order of operations? Should I get a buyers agent and then have them contact the seller's agent to get this information? Or not worry about getting a buyers agent?  
Then how should I tie up the property while we're running numbers to determine an offer price? From the examples of  Letter of Intent I see, it seems that we should identify an offer price in the letter of intent. 

Thanks all!!

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