Remove Inspection Remove Property Management Remove Real-estate owned
article thumbnail

Buying an Apartment Building: Complete Guide

AAOA

Understanding What Youre Really Buying When youre buying an apartment building , youre not just purchasing property, youre acquiring a business. That business has income, expenses, employees (property managers, maintenance), customers (tenants), and systems. And like any business, success depends on how well its operated.

article thumbnail

Cash for Keys: A 7-step Investor Guide (+ Agreement Template)

The Close

Vacating current tenants so you can sell the property: When selling your property, if the potential buyer requires immediate possession for personal use, you may need to vacate before completing the sale unless there’s a sale clause in your lease.

article thumbnail

Distressed Property: What It Is And How To Invest

AAOA

Bank-Owned (REOs): Real estate-owned (REO) properties are ones that didnt sell at foreclosure auctions and are now owned by the bank or lender. Banks often want to offload these properties quickly, which incentivizes them to sell at favorable prices. This is where property managers come in.