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. confused

Comments(2)

  • myfrogger2nd December, 2003

    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 ]

  • Brandon20022nd December, 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?

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