I have a seller of a 50 unit apt complex offering seller financing with a down payment large enough to pay-off his existing note. The downpayment would equate to about 12.5% of the purchase price.
My question: Is th...
I know I have read a thread in the past on good websites to locate large MF. Anyone got anything new or some good ones from the old thread??
Hello Fellow BP'ers!My wife and I have been negotiating with the owner of an 8-unit multi family and 2 SFH's in Missouri. Asking price for all is $299,900. At the moment, my wife and I are in the midst of closing on...
I need some help identifying the best or available methods(syndications, trusts) for purchasing an apartment complex.
I have a track record in the area and have identified potential investors.
I would invest 33% of ...
Just wanted to get some opinions. I've got a 14 unit apartment complex in Cincinnati. I bought it for $420K ($30K/unit) a little over 2 years ago. I've done about $30K in renovations and raise rent from an average of...
Okay. So I was just wondering, how many apartment complex loans can you have at one time? Also if it takes like 15 years to pay off a building, how do people move up so quick getting more and more buildings?
Drafted an offer on a REO apartment complex in Texas (Houston Area). Only problem is the bank has only owned the property for about 2 months and has a PM running it. Currently it has 3 vacancies, with one lease si...
Does anyone have a risk assesment / cost analysis worksheet to use for evaluating this type of deal?
Hi all,
I'm a new member to BP so this post serves as both an introduction and a question. I've been reading BP for a while now and have been absorbing the wisdom but haven't created an account until now. My wife own...
Does anyone have any recommendations on books/ebooks to get me started? Within the next year I want to own a complex even if its a smaller 20-30 unit place. My long term goal is to get into larger units like your 2-30...