Process of buying a large multifamily (5+ units)
Hello everyone! I have a question on the whole process of closing on commercial real estate and any special laws or conditions that may apply in Indiana. I am looking at the 7 unit multifamily complex and was wondering how I should approach it. I have contacted the broker, toured the property, and want to make an offer. Could anyone be kind enough to give a quick list of things a REI should and people they should contact from the point finding a property and closing on it?
Thank You!!
Most Popular Reply
There are a lot of great resources out there to help give you a good due diligence checklist. Definitely have a Real Estate Attorney on your side that is familiar with the process. I would highly recommend reading Ken McElroy's ABC's of Real Estate Investing. Good Luck and Congratulations.