Hi all, RE newbie here...There was a property I would like to check out - a 4 unit property in westchester - and rather than picking a broker out of a hat, was wondering if BP had any recommendations for an agent that has experience with multifamily apartments and can provide general guidance through the process (ideally they would own one as well!)

Prashant P.I was thinking about going this route however it would not be ideal for me at this time for me right now.Phillip Dwyer I seriously would do the same if anyone owned rental property around me thanks for your insight.David Beard Your idea is for someone that has a year to learn an invest in another firm.

Another aspect of doing business with elderly seller, make sure you ask the seller how the deal will fit the needs of his family!!!!!!

In that case I am confused as how do I deal with first month rent and security deposit?

As new to the US real estate (i am a foreigner) I want to start with multifamily (ideally apartment buildings) already rented and in OK condition to generate immediate cash flow without having to incur large expenses in the first year(s).I am looking in PA (as I have some connections in RE there) or FL (nice weather).

Many times I've heard from folks I deal with or have taught that it was their presentation that tipped the scales in a transaction.Even when it doesn't, it builds your reputation as a knowledgeable professional --- and that's what may seal the next deal.

You need to have her give your permission to know some details saying you are willing to assist in her expenses and possibly helping with the financing.Then the MB can disclose her ability to finance and you can work out your deal to fit those needs.But first, you need a sale price, pull comps that you can show her and justify your price.

Is this an opportunity I should take advantage of, even though my personal finances are not ideal at the moment?

Automated post cards may fit nicely into your budget, just remember that the response rate is such that you'll need to send far more to achieve the same results.

One is whether property ownership fits into your timeline and whether long-distance ownership works.