Question ~ What Should I Look For???
I have an investor that wants to sell 15 SFR's, so he can move to another city to by an apartment building. He contacted me to see if I was interested.
Is that too much to take on at one time? Also, what sort of information should I ask him?
Any help would be great.
If the numbers work, go for it!
You should ask him for the financials for each property. Talk to him about financing. He/She should realize that you cannot likely obtain bank financing for all these properties.[ Edited by myfrogger on Date 12/02/2003 ]
He said that some make good money, some don't.
Obviously he needs to sell out so that he can obtain the cash needed to buy the building he wants. What I am wondering is, do you think he would be open to any creative seller financing? What should I ask? What would you ask?