Home Blog Commercial Real Estate

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

Sterling White
1 min read
Why I Walked Away from This 118-Unit Apartment Complex Deal [Video!]

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.

blog ads 02
What deals have you evaluated then passed up lately? What did you learn?
Let’s talk below!

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.