is there any 10 or 20 unit apartment building can be fixer upper with owner financing in Dallas tx.?

Asked by Kevin, Dallas, TX Sun Oct 6, 2013

Help the community by answering this question:

+ web reference
Web reference:

Answers

3
carlos parra…, Other Pro, Monrovia, CA
Tue Oct 8, 2013
You posted this LA, CA.
I suggest you work with a good local commercial agent
0 votes
Gail Mercedes…, Agent, Los Angeles, CA
Mon Oct 7, 2013
Kevin,

I would get in contact with local commercial Realtor in areas your interested in Dallas, TX. Be aware if there is rent control, average rents in area and financing. Area will make a different in asking price and rents. Know the average gross rent multiplier per area. 10 -20 unit apartment building considered commercial lending. Know lenders debt ratio and down payment requirement for prospective buyer.

Good Luck!

Gail Mercedes Cole
EXP Realty Marina del Rey
310.853.9933
0 votes
Aaron and Ch…, Agent, Eau Claire, WI
Mon Oct 7, 2013
I would recommend getting in touch with a local real estate expert in your area. Be sure they have experience selling multi family homes since they are a different cup of tea than just selling single family homes. Ask around to people you know, they will often know who is a top agent in your area. You could also pick up a local real estate magazine and see who is selling multi family listings and give them a call.
0 votes
Search Advice
Search
Ask our community a question

Email me when…

Learn more