Purchase price: $725,000 18-unit townhome new construction development What made you interested in investing in this type of deal?

You should plan accordingly.If these are "friends-and-family" type private lenders, I would urge you to tread very carefully.

Also discuss with your tax person if there are any type of tax hits you will take if you transfer the ownership from yourself to the living trust- state taxes as well as federal.A will can sit in probate for awhile, quite awhile.

what type of properties are you interested in purchasing?

According to the FMR HUD for that zip code a property of this type should get somewhere around $1620 per month. 

What made you interested in investing in this type of deal?

This strategic use of financing and leveraging equity has been crucial in scaling my real estate investments.Key Lesson #3: Diversify Your Real Estate Portfolio Early in my investing journey, I concentrated too much on a single market or type of property.

I'd like to approach them with purchasing the building but I'm assume they're not wanting to sell it until after the owner's death due to the step up basis.I have first right of refusal but what type of creative financing can I offer so that we agree upon a sale and price beforehand?

How can I search for other leans that might be on the property, is there a way to see how much mortgage is left on the property and any other tips that people have about this type of real estate.

- Lots of Equipment (R&D Facilities, Car Washes)- Gas Stations (100% 15 year properties)- Movable walls (self storage)You can find anywhere from 15-35% of the purchase price of a typical apartment complex is this type of property.More of it means less tax for you from higher depreciation amounts!