I’m looking at buying some apartments. The developer doesn’t want to rent, he just wants to sell after his 1031 Tax Deferral time period has been exceeded. So I’d get about 1 year to get the apartments rented out and bringing in cash before I’d be required to have the loan put together. (would there be a way to get current interest rates, I suspect they’ll be hight at that time)
We’re still doing our due dilligence and deciding what a fair price will be at that time. My question is, to make educated decisions ($ to offer, and confirmation the contract isn’t screwing me over) should I get a Real Estate Agent specializing in Apartment purchases? or a Lawyer who will be able to confirm that contract? Or both (Agent first, Lawyer final etc…)
Thanks for the ideas
~Terence
Also is there any websites with resources/ legal documents for Land Lords?