Waiting for apartment buildings to go on sale is not always the best way to get a rental building. There are a number of ways to find apartment buildings before they go on sale. Here are a few ideas:
- Keep an eye on probate real estate – Fantastic deals are to be had in probate real estate.
- Contact apartment owners via a direct mailing – You never know who may be considering selling.
- Acquaint yourself with attorneys – Divorces, lawsuits, and financial changes can create a potential apartment building seller.
- Network with commercial real estate brokers – They generally have relationships with owners long before the owner prepares to sell, so they have an in when the owner is ready. You can find potential commercial real estate broker partners on LoopNet.
Remember, the more business acquaintances you have, the more likely you will be able to find yourself a good deal.
Are You Looking for a Hard Money Loan to Flip a House Or Buy A Rental Property?
Paces Funding is a hard money lender offering hard money loans to purchase and renovate non-owner occupied residential and commercial properties throughout the Atlanta, Nashville, Florida, or the North and South Carolina metropolitan areas. Our application process for hard money loans is easy. Just fill out this very simple online form and you will be contacted shortly. Unlike other lenders, the window between applying and funding is very small. We have funded properties in as a little as one day, but typically funding hard money loans takes about seven to ten days.
Call us at 404-814-1644 or contact us online to find out whether you might qualify for this type of funding. In the meantime, check to ensure that you meet our loan criteria. Our loan amounts can be up to 65 percent of the after-repaired value of the collateral—and if you use the loan for renovation or construction, the loan amount can be based on the collateral’s improved value.