BiggerPockets

I am a newbie which has run across a great business contact. He has access to some great foreclosed Fannie Mae apartment complexes. I have been purchasing single family homes but soon would like to get into Multi family. I have mentioned I am interested in the complex just to look at the deal and gain experience. I would like to figure out a way to profit from the deal . Is there a way to assign a commercial property from Fannie Mae?

Not listed yet. Only 14 vacancies. 20 minutes from Atlanta

Rather not disclose until under contract...but it's in a good area.

Please, no offers to buy or sell this property in this thread. This is a discussion forum, not a dealmaking forum.

If this is a REO, you may have a tough time assigning it. Usually REO properties prohibit assignments. Sorry, didn't notice that in my first reply.

Kevin, move on to something else unless you are going to buy this for your portfolio.

There is loans for all types of properties.Not conventional lenders but private money and also hard money.

You don't know that it cash flows big.If it did then Fannie Mae wouldn't own it.The former owner would have simply renegotiated the debt service to a lower amount and modified the loan.

Lenders and insurers aren't in the managing business and most times do not want a property back.