All Forum Posts by: Daniel Smith

 I want to get into apartment complex investing in up and coming neighborhoods. 

 Thank you very much I will contact you Monday! 

I would be willing to do something like that but here's the thing the only person living there is the executors ex wife and the sister who is incapacitated is in an assisted living home. I plan to compensate the family with at least 10k they were willing to sign it over just

For what they owe and take the loss but

I'm not the kind of person who would just screw over a family like that and I want to

Make sure they are fairly compensated.  

I don't know what questions to ask but I'm willing to learn what ever I have to to make this deal go through 

Should that partner be an investor, a broker , or a realtor? Or something else I literally have no idea what to do 

I'm brand new to real estate and I have been chasing pre forclosures leads. Long story short I have someone willing to sign their home over to me with no compensation until I sell it. I have downloaded a quit claim deed and an assignable purchase agreement. The owner of the home is incapacitated and the executor lives in  Kansas I live in Denver Colorado do I have to be with them to sign and have the contracts notoraized? Their home goes to auction on March 17th and they owe about 140k on the home according to my online research it's worth somewhere between 220k-308k not sure how value is determined it's a 3 bedroom 2 bath 1096 sqft with a finished basement. I'm broke and I have bills to pay what is my quickest and safest way to money here? How can I proceed? I've been doing this less than a week and I know basically nothing. Thanks for reading any feedback would be fantastic. 

 I'm going to do as much research as I possibly can. I really want to get into this and make some big money. 

 I agree completely. Thank you for the input! My issue is I just don't know where to start. 

I appreciate the feedback! What do investors typically look for when purchasing something like this? For example I'm looking at a 7 unit complex for 650k and a 8.1% cap would that be a good deal? Also what information is a crucial to gather when selecting an apartment complex? 

So here's the scoop I have no money I have no experience in real estate and I live in the Denver Colorado area. I have been doing research online and aparently apartment buildings are the key to creating long term wealth. I am a good in sales and a decent negotiator. What would I need to do to find an investor to put up 100% of the funds for an apartment complex and how could I structure a deal to include myself on the ownership of the building. I know it sounds crazy. I'm willing to do what ever it takes. Any feedback is appreciated thank you!