I need a Michigan purchase agreement, or something similar. Apartment complex.

General Real Estate Investing
1

Hello all. I’ve been reading the forums a lot, but this is my first post after registering.

I’m wondering if anybody has a purchase agreement for Michigan.

What I’m trying to do is tie-up the property for 30-90 days while I get appraisals, approvals, etc…

I want to “block” an all cash buyer from coming in and stealing this one away from me. I just need a simple, plain purchase agreement. Nothing fancy, just something that will help me tie-up the property for a while.

Would anybody be able to help me here?

I found a complex with 55 units and it’s selling for just over $300k (Sounds great, right?)

So I want this one!!

Thanks for reading and the help!

2

Never mind. An associate sent me a very basic agreement that should let me tie the property up!

I have a post in the financing section if somebody would be able to help me in there.

Thanks all!

3

Let me take a wild guess where it is. 7th mile in Detroit (the so called university district)? Those buildings keep falling on foreclosure. Brutal property taxes, 80% vacancy and high crime. I wouldn’t touch them with a thousand foot pole.

4

Nope. It’s not in Detroit

5

Yeah, sure it isn’t. I believe ya. not.