Need Help!!! Buying Multifamily in Coral Springs FL,

[John Soba]

Good morning BP family, this is my second time running a pulse and actually a long time. However like most of us it’s sometimes scary to get started. I recently came across multi unit property and I don’t know what to do. To say that I’m interested I this property is an understatement. For me it would be a dream to be a part of the deal. I just don’t know how to get it done.

So just a little background, I am 40 years old (young man) and have spent 25 years of my life working within building maintenance and construction industry. I’ve done everything from cleaning toilets to managing and administrating . In 2011 my my wife and I wanted to change our fast paced life in NYC to something a bit slower, so we move to Coral Springs.

I actually know the property very well , because my family and I lived in 1 of the units for two years. I even worked with the landlord on repairing some.

The property being sold is centrally located in coral springs. It is listed as a multi family, but in fact it is 9 units 2/2 ’s with about 800sq ft each. This is not a rental community it is actually a condominium association.  i’m sorry I keep rambling on but the bottom line is the unit is listed on the website for auction starting bid at $400,000. Now given the fact that I still have a relationship with the landlord who is also owner of two out of the nine units I’m sure that I can work out a deal I just don’t know how to get funded for the deal.

If anyone can help or have any suggestions on how to go about this, I’ll greatly appreciate it. Please, ask me any questions you have. I know that this is a value add property, and this is why I’m so interested in it because I know the potential that it has.

Thank you in advance to all the BP family for the support!!!