South City Multi Family
I am working a lot of deals right now. Bringing on more agents, procuring more REO listings, building the commercial division of Hermann London, and finding the perfect property for more than a dozen buyers.
This morning I was on the hunt to figure out if a particular multi-family 22 unit building would be a good purchase for one of my largest investors. The property is 22 units, and for sale at $799,000.00. 20 out of 22 units are occupied, the numbers all look good. I am always going to take the extra step and do some due diligence for my clients, so I rode over there at 7:30 in the morning. I took a few pictures of the surrounding buildings, drove around the surrounding streets to take note of the type and conditions of the nearby properties. I talked to and questioned any neighbors I found, and then went back to the office. I put together a report with the pictures, the conversations, and information about the surrounding properties.
My clients now have all of the information they have requested and more, they are able to make an offer with confidence that it will be a good deal. The amazing part that I love, is the decision maker is currently traveling Europe on vacation, and we are able to make this work from half way across the globe, I love technology.
