Step by Step Process in Purchasing Multifamily Units

[Ira Sullivan]

So I'm looking to acquire my first multiunit. I know the process is somewhat similar to purchasing a single family but I would like a guide.  Does anyone have any ideas where I can find a great straight-forward process tool?

[Greg Dickerson]

Originally posted by @Ira Sullivan:

So I'm looking to acquire my first multiunit. I know the process is somewhat similar to purchasing a single family but I would like a guide.  Does anyone have any ideas where I can find a great straight-forward process tool?

The process is similar for small properties but very different for larger assets. Basically you find the deal, analyze, submit LOI, draft the contract, line up financing and equity, perform due diligence then close.