apartment complex purchase

[Monika Thapa]

What are the steps involved in the purchase of apartment complex? Do I need to get contract letter written by my realtor checked and correctly worded by attorney?

[Ronald Rohde]

You can either do the LOI + Purchase and Sale Agreement, or just jump right to a contractual offer if you feel very comfortable in your terms. Once your broker has brought you the deal, usually handed over to an attorney to start reviewing title, leases, vendor agreements, financial documents (if applicable).

You'll need to be prepared to deposit earnest money as well.