All Forum Posts by: Saiday Mulbah

  @Tim Herman, @Jaysen Medhurst - Gentlemen, I appreciate the feedback and guidance.  This is all great intel.  Thank you truly.  This would be one of first deals, and want to make sure I get it right.  I felt like some of the numbers were off, but didn't know where and how to verify.  I'll check with utility companies and county collectors to verify.  Owner rejected my offer and raised the amount substantially, we shall see.

I'm getting the capex from the seller.  He sent me all his numbers prior to presenting so I know what I'm working with.  Those are true numbers from the owner.  

Not sure if he's telling me the truth other than the specifics from his balance sheet but seems correct.  He's getting out of the business and wanting someone to take over.  This would be my first deal.  Not sure if I would qualify for a commercial loan (even though I understand it's different that residential).  I would like to own it, but comfortable with just doing a wholesale deal if I'm not prepared financially to undertake it all.

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