All Forum Posts by: Account Closed

I'm trying to find a property manager for a triplex in South Salt Lake. Any recommendations?

I tried looking before and ended up self managing because I couldn't find anyone I was confident in.

I came across a deal that has pretty attractive seller financing. It's on main street in Springville, UT and currently rented out as a 4 Plex. However it's actually zoned for commercial and the city is fighting to get it to comply with the zoning.

I've never done anything with commercial before, so I don't really know how to find out what demand is like in the area/what I could lease it for as offices or something like that. I took a look on loopnet but couldn't find anything similar for lease in the area.

I've owned a couple of rental properties before. I've been thinking about buying another, but a friend suggested I look into notes instead. I'm most interested in buying performing 1sts for cash flow, and I will be buying with my own cash.

I've found some interesting small notes on sites like loanmls that seem like a good place to start, but I'm uncomfortable making any offers because I don't know what the process should be like.

Say I make an offer that they accept, then what happens? Is there a purchase contract like a normal real estate sale, so I know they're not going to sell it to someone else while I'm doing my due diligence?

Would I use a title company to do the transfer? Is this something any title company will handle?

I've seen talk about note brokers, should I be starting out with a broker to help me through this? If so, how do I find one? All I've found is people who want to buy notes or people who want to train brokers.