Purchasing multiple properties from investor

[Jordan B.]

Hello everyone, my name is Jordan and have been enjoying the site here and the podcast for a while now. My question is this, my wife and I have all our money wrapped up in stocks and really feel now is the time to get into real estate. We have little to no experience in this but this I have been meeting with local investors and learning as much as possible. I recently met with a gentlemen who is looking to sell out in order to buy out a partner in an insurance firm. He has 21 units with a 16 percent return in two cities fifteen minutes apart, one of which is the city I live in. He offered to sell them to me in a group deal. Now I could purchase with cash but would rather finance a large portion and not take the hit on selling out stocks. What kind of financing is available for this type of transaction with multiple properties involved. What numbers do I need to request to see, what is the pertinent information in buying properties in bulk. In short, what papers do I take to my lawyer, CPA, financial advisor.  Specifically what questions do I ask. This man is an old friend and has proven honest and trustworthy time and again. But $500000 is nothing to balk at. Thanks for all the insight and anything you can inform me of