If you’re reading this, I assume you’re more-than-a-little-bit interested in buying apartment buildings. But what to buy? Put another way: Of all the buildings on the market, which are the “good deals”? What’s a “good deal”? Apartment buildings aren’t like houses. You don’t buy them for the feng shui. You buy them because you place … Continue reading “How to value an apartment building”
Tag: buy apartment building
Why you should NEVER release money to a seller prior to closing
If you learn nothing else from this post, learn this: Never release money from escrow to the seller prior to the closing. Let me tell you a story: On our first deal, my brother and I let an inexperienced broker talk us into offering to close in 30 days. 30 days is fine for a … Continue reading “Why you should NEVER release money to a seller prior to closing”