Further, if you use any type of financing other than owner finance or daddy financing, the lender would require appraisal and appropriate survey and engineering inspections.

@Stephanie Younger  You can ask to see a few of his past jobs and speak to the owners.

It's a traditional 401(k) plan covering a business owner with no employees, or that person and his or her spouse.

Then look in the county assessors website to find the owners. it should give their name and mailing address.

though the provincial property owner's association; are they still conducting their CAM training via NSCC?

Hello All,Say I was able to find the email address of an absentee owner, would it be advisable to reach out to them directly via email?

The complex has a mix of 1, 2, and 3 BR condos, and the 1 BR units are in the sweet spot for us, in that their price is too low for conventional financing, leaving cash sales and owner financing as the primary options for incumbent owners of single units looking to dispose of their apartments.  

Now if you build from the ground up or do a value add lease up with vacancy you can get a higher cap rate.The ones that are already stable in great area the owners will  not let go at a really high cap they will just keep the cash flow then eliminate their equity gain from buying 4 years ago.

(It's actually a property that I've eyed for a couple years, just daydreaming, & reached out to the owner llc during that time but never heard back). tl;dr My idea so far to purchase would be a short term 12-16 month hard money loan, 80% purchase w/ 100% renovation, with private money coming in to fund the 20% & points, refi'ing into a conventional note with my local lender who I have a decent relationship with when the first note balloons. 

There are two neighborhoods where all my tenants buy in when they become home owners Barnaum and Curtis Park.