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Updated almost 4 years ago,
Purchasing my FIRST MULTI-FAMILY-12 unit apartment-Any Advice?
I'm super excited to be purchasing my first multi-family property, a 12 unit apartment (8 one bedrooms, 4 two bedrooms) in a great suburban area. I've been a residential Real Estate Broker 17 years and have been investing in single family homes for hold and flip for 12 years; but commercial is a bit of a different ballgame and I'd love some advice, pretty please.
Contract executed yesterday, 21 day feasibility period starts today, planning inspections for Tuesday...
-Mistakes to avoid?
-Items to not overlook inspecting?
-Anything specific I should check with the city?
-Any and all advice is welcome! I just want to make sure I don't miss/overlook something as I transition into the commercial world.
Thank you!