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Why I Walked Away from This 118-Unit Apartment Complex Deal [Video!]

Why I Walked Away from This 118-Unit Apartment Complex Deal [Video!]

1 min read
Sterling White

Sterling White is a multifamily investor, specializing in value-add apartments in Indianapolis and other Midwestern m...

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My partner and I recently made the decision to pass on purchasing a 118-unit multifamily apartment complex.

There were multiple factors that led up to us not making the deal, including very expensive roof replacements that was discovered during our due diligence.

Some of the most important steps in evaluating a multifamily purchase include lining up contractors to place bids as soon as possible and delegating due diligence to qualified members on your team.

As much as we wanted to move forward with the deal, the numbers told us to pass. Yes, it was difficult to walk away, but the best deals oftentimes are the ones you walk away from.

What I Learned From Turning Down a 118-Unit Apartment

Related: 5 Reasons Single Family Investors Are Turning to Multifamily Apartments

We’re republishing this article to help out our newer readers.

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What deals have you evaluated then passed up lately? What did you learn?
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