Category Archives: Apartment Quest

Follow me as I start from scratch and buy an apartment building.

The Finish Line is in Sight

It’s been a while since I posted something to this topic. July I think. Mostly because I’ve found that when dealing with adults in commercial real estate the deal process is about as exciting as watching paint dry. And I … Continue reading

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Of Course You Realize, This Means War!

Unbelievable. AGAIN.   I kept hearing how this commercial property stuff was different. But it seems like every time I turn around it’s gets more and more bizarre.   As you have read in some of my prior posts, I’ve … Continue reading

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The Deal Done Died

Yep. After all the drama. All the back and forth. All the ups and downs. My first apartment deal is DEAD. Call it doctor: time of death Thursday July 10, 5pm eastern. The cause of death is what’s ridiculous. Again, to … Continue reading

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When It Happens to Them It's a Recession – When It Happens to You It's a Depression

GREAT. I wrote a blog post a couple of days ago about Indymac shutting down it’s lending operations. Something about a Pig Through a Snake. Perhaps you read it – about capitalization issues taking down another lender – blah blah … Continue reading

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Brass Tacks, Brass Balls, Whatever. It’s Time to Decide

It’s been a while since I’ve posted an update to my Apartment Quest series.   It hasn’t been due to any lack of motivation or activity on my part. Nope. Our lack of progress has been due to Mr. Seller. … Continue reading

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The Building – Part III: The Endless Inspection

In the seemingly never ending interim time between the beginning and the end of the commitment letter process, the owner of the building and I finally agreed that it was time for me to do my physical inspection. It would … Continue reading

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The Building – Part I

I know that this post is long overdue. As the next step in my Apartment Quest series I’ll tell you about the building that I’ve been “buying” since the middle of April. I had heard that this was a long … Continue reading

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The FSBO Building

In an attempt to cast my net wide and capture all relevant available apartment buildings that met my purchase criteria, I included buildings being sold “By Owner” in my searches. What did I learn? That an FSBO is an FSBO … Continue reading

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The White Hat Commercial Broker

Just about a year ago I read a book by Robert Ringer called “Winning Through Intimidation”. It was a spectacular book with a spectacular – and completely not-politically-correct – title. The interesting thing about it was that it really wasn’t … Continue reading

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The One-Trick-Pony Apartment “Guru”

As I mentioned in my prior post, this being a newbie again is an interesting feeling. And with my brilliant powers of deduction I figured out that it’s because you don’t know what you don’t know when you first start … Continue reading

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