Buying First Small Apartment Complex
I have 14 doors over 9 properties, One Quad, One Duplex and the rest SFH. All BRRRR. I self manage and I'm and I'm real estate agent. It's going great. I have that process down.
But now I'm ready to buy a 15-20 unit apartment complex. There are a couple listed ones I've seen that interest me. But I'm not sure how to get started, do I go to a bank first? do I contact the listing agent first?...I usually buy by SFH cash, I can't do that here.
Do I just deal directly with listing agent and make him an offer? Any tips on Earnest Money, Due Diligence, What to look for in due diligence, would be great.
I also have 3 silent partners that want to go in with me, but I make all the decisions. I'm not sure how to set that up, do I need to contact the bank first? Do I set up the LLC first? Do we fund the LLC first?. There are no issues qualifying or getting the money, I'm just not sure how to get started in commercial. Thanks for any advice anyone can provide.