i need to buy an apartment comples with 70 units in san antonio texas
2006-11-20 12:28:37 · 5 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
First ask yourself why.
2006-11-20 12:30:29 · answer #1 · answered by Mae 2 · 0⤊ 0⤋
If you are totally financial then add the stock, the value,
the depreciators that you know of, and then gain 1 experienced
partner and make a bid. Do not run various sites for bid at the
same time. Final response can be attended by using the
property to gain control of selling shares, signing staff, or
public notary. The bigger construction teams can be seen by
making your stock holding situation at full response, if you are
independently wealthy or hoping to be. The team report must
have a schedule to maintain conditions of shareholding returns
and responsibilities. For this property in New condition expect
1 million. The older the average groundwork is say 6 months
in store make the bid respectable at 550,000.00 A good
measure is the resource respected to operate will be 2100 per
year per unit open. This mean 1/3 of the minimum fund assure.
2006-11-20 20:38:18 · answer #2 · answered by mtvtoni 6 · 0⤊ 0⤋
i'd buy northwest because that is where most of the building is going on.
ne is well established, and it would be difficult to get hurt, so that isn't a bad choice, just not as good
trouble is, where are you going to find someone to flip you 70 fresh apts?
jv with a builder? build to your specs, then you guarentee purchace for a turn key.
2006-11-20 20:53:53 · answer #3 · answered by elmo o 4 · 0⤊ 0⤋
you could have wings in each direction with that many units.
2006-11-20 20:31:03 · answer #4 · answered by G-Man 3 · 0⤊ 0⤋
Dosn't matter, as long as it brings in the income!
commercial loan...... let me know if you need one.
2006-11-20 20:31:23 · answer #5 · answered by ondreforsure 3 · 0⤊ 0⤋