EP059 How to Locate, Negotiate, Syndicate, and Acquire a 40-Unit Apartment Community with Josh Sterling
If you've ever wondered what it takes to acquire a 40-unit apartment community, then you don't want to miss hearing Josh Sterling take you through the process step-by-step.
You might recognize Josh from Episodes 33 & 34 where he discussed his Buy & Hold portfolio in Single Family, Multifamily & Apartment rentals. Josh is also the owner of Epic Property Management near Detroit, Michigan.
Josh recently acquired this 40-unit in Newport, Michigan, and he's going to walk us through the entire process. Josh discusses the broker relationship that gained him access to this deal, how he ran his initial numbers, the site visit, the Letter of Intent, negotiating the purchase price, the purchase agreement, due diligence, the physical inspection, working with the lender, committing his own money toward earnest funds and bank fees, raising other people's money through syndication, pro-rating property taxes, closing the deal, and managing the property after acquisition.
If you're looking for actionable information that will help you do your next deal, then you owe it to yourself to hear what Josh has to say.
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