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Dom Chit
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31
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Almost completed buying first MF properties! Now what?!?

Dom Chit
Posted
Hi everyone. In 2 weeks we will be closing on my first deal. An off market 6 unit apartment and 6 townhome complex. So far I have my PM lined up and am working on getting a new insurance policy. What else should I be working on at this point?

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Hadar Orkibi
  • Rental Property Investor
  • USA / NZ
812
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1,528
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Hadar Orkibi
  • Rental Property Investor
  • USA / NZ
Replied

assuming you finished all your due diligence and inspections?

Shop around for utilities if you are paying for it.

Shop around for dumpsters

line up the contractors to do all maintenance requests or upgrades you need to do.

get ready to Install motion lights outside

prepare ownership change letters to tenants

copies of keys

copies of all leases (should have got in DD)

Ask the lender and title company to provide you with the final Settlement statement so you see which other costs to expect. 


I'm sure there are more things, but that's what comes to mined right now.

  • Hadar Orkibi
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