BAP Blog Atlanta commercial real estate - 5 key steps to buying Atlanta GA apartment complexes
Atlanta commercial real estate - 5 key steps to buying Atlanta GA apartment complexes
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September 8, 2010, by Joel Owens

1.Know the area and if buying in depressed area know about plans for revitalization and transtioning timelines.

2.Know the age of the property.If it was built prior to 1978 you will have to worry about the Lead Based paint renovation rules which for rehabbing can be costly and should factor into your offer price.

3.Know your buying capacity and how you will most likely structure a deal.

4.Know what type of property you are bidding on and who owns it. A short sale,foreclosure,regular seller,and the FDIC all operate differently is responses and timelines getting to closing.

5.In the cities many older units will have landlord paying utilities and this is bad for the landlords.Check to see if submetering is available to eliminate landlord having to pay.

These are just a few details among many not mentioned when wanting to buy Atlanta multifamily apartments in Georgia.

 

 

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