Please Help!!!!
I am a newbie who has just stumbled across what could be a great opportunity for me to get into some properties with very little money down.
I have just met another invester through a family member who is planning to move out of state and sell off his properties. He has around 35 properties totaling around 80 units.
I'm not sure of his exit strategy, but I'm pretty sure it would be in his best interest to finance at least some of his properties and receive payments from another would be investor (like me) rather than take a huge tax hit on gains from selling his properties for cash.
How should I approach him with an offer to buy some of his properties through seller financing structured so that we both win?
I would also love to pick his brain on some of the ins and outs of property management, since he and his wife have been managing all of their properties themselves. How can I do all of this without offending him and sounding like I want a handout.
This could be an incredible opportunity for both of us and I don't want to blow it coming out of the gate,
Please help!!!!
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