Option to Purchase 100 Unit Multifamily Building

[Ryan James]

Hello. I came across the owner of a 96 Unit apartment complex that would like to sell his property. He owns the property free and clear. I'd like to put the property under contract for 90 days and include his willingness to seller finance 15% of the down payment. Which form do I email him to put a property of this size under contract?

[Ryan James]

Quick update. We were able to lock this property up under contract. I was fortunate enough my friend offered his partner who is a commercial broker. He knows two interested buyers in the Columbus, Ohio market. We made an agreement to split the proceeds 50/50. He walked me through the LOI and Purchase Agreement. We toured the property and found a lot of differed maintenance. Super fortunate this Brooklyn property owner had an outlier property in Ohio and wanted out.