Rental Property Investor · Riverdale, GA · Member since 2015 · 2 posts · 0 votes
I see a apartment complex for sale for 4.5 million. Is close to a major university. This my first time can I get a walk through on what to look for and how to get the ball rolling. Thanks in advance for your time
Odds are - it's not a great deal. These days we're having to look at around 200 properties to close on one. That doesn't mean you shouldn't look at it, though. Go through the steps to determine if it's good. If it is, keep going. If not, keep looking.
Remember you can do a master lease with the first right of refusal to purchase after 5 years. With master lease you put little month down and get ownership of apartments and then get the cashflow up. After 2 year seasoning you should be able to purchase when the master lease is up or work out an owner finance deal where the owners like the idea of delaying capital gains taxes.