Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Multi-Family and Apartment Investing
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 7 years ago on . Most recent reply

User Stats

31
Posts
6
Votes
Dom Chit
6
Votes |
31
Posts

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?

Most Popular Reply

User Stats

1,522
Posts
812
Votes
Hadar Orkibi
  • Rental Property Investor
  • USA / NZ
812
Votes |
1,522
Posts
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
  • Loading replies...