Quote Originally Posted by DC48080 View Post
First you will need to find out what the owner is asking for the property. Then you will need to select an architect and competant contractor to accompany you on a walk through of the building. Then you will need to do a CBA to see if the project is feasible. Once this is done you must present a business plan to potential lenders or investors.

Good luck. God knows you'll certainly need it.

We won't be using lenders or investors. This money is all our own. I wanted to do this all by myself but I showed these buildings to my friends and they have agreed to put up their own funds matching mine provided we can come up with a reasonable agreement and business plan. This helps me out a great deal by minimizing my individual risk. I won't be buying any property without having it inspected first as well as having several estimates for repair costs. Then I can fill in the blanks and present the owner with a serious offer right off the bat.

Thank you for the luck. I do indeed need it.