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Updated over 10 years ago on . Most recent reply

User Stats

59
Posts
21
Votes
Paul D.
  • Investor
  • Knoxville, TN
21
Votes |
59
Posts

Apartment Complex Buyer Credits

Paul D.
  • Investor
  • Knoxville, TN
Posted

I am looking to make a offer on a apartment complex of 30+ units and was wondering if I could request the current rents/nonrefundable deposit to be a buyers credit and would take off of my cash I'm bringing to the table?

I feel I have read about it somewhere but when I ran it by my agent he said he was going to vet the idea and get back to me.

This is my first multifamily so sorry if this is a basic question.

Also, if I find delayed maintenance then should I ask for a buyers credit to cover it? And would that come from my down payment or cash to closing? 

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