If you currently own an apartment complex and are looking to sell it, for whatever reason, you’ve come to the right place. Whether you inherited the apartment building, have difficult tenants, too many repairs, are facing foreclosure, or you just don’t want to be a landlord anymore and would like to cash out, AMI can help.
We are professional real estate buyers, and we purchase apartment complexes – in any price range and in any condition. We can make you a no-obligation cash offer within days, making the entire process for you quick and simple. You get to walk away with cash in your hands, without having to deal with any of the hassles that you typically would when selling an apartment building.
If you were to go the traditional route of listing your apartment building on the real estate market, you would have to spend tons of time and lots of money to do so. These burdens include:
Working with Stirling Investment Group removes all the hassles and costs listed above. If you accept our cash offer, you get to walk away quickly and with more cash in your pocket. No realtors, no showings, and no repairs are needed. Review our Frequently Asked Questions below to learn more.
Yes, we can. We have private lenders that lend us the cash to purchase and fix the building and apartments. Since they’re not traditional banks, we can close very quickly. Our lenders have the confidence and trust in us that we know what we’re doing. Therefore, there’s no need for appraisals, inspections, etc., which allows us to close quickly. They give us cash, and we pay the sales price of the building in cash to the title company handling the closing, and they transfer that money to you.
No, we buy apartment buildings as-is, in any condition, even if it’s in bad shape and in need of costly repairs. There is no need for you to pay for or make any repairs yourself. We’re skilled at assessing the value of your complex and the costs associated with any repairs that need to be made. Additionally, our offer to purchase your apartment building is not contingent upon it passing any inspections.
No, you will not have to pay any commissions or fees whatsoever. Working with us is at zero cost to you.
We can close within 30 days. If you are facing a time-sensitive sale due to an impending foreclosure or another matter, we can speed up the process and close sooner, if needed.
We pay for all the closing costs, which is another advantage of selling your apartment building to Stirling Investment Group.
Yes, we will absolutely buy your apartment building with tenants currently living there on leases. Whether your apartment units are occupied or non-occupied makes no difference to us.
Your occupancy rate, the ratio of rented apartments to the total number of apartment units, does not matter to us.
No, we do not have any requirements on size or number of apartment units. We buy all types of real estate rental types, including single-family, duplexes, small apartment buildings, and large apartment buildings. If it’s real estate and you want to sell it, we can buy it.
No, it does not matter. We know that apartment buildings come in a variety of forms, and we are interested in all apartment complexes, regardless of their class designation. These include:
We’ll need to know the building’s gross rents and maintenance expenses to calculate the NOI (Net Operating Income) of the complex. NOI equals all revenue from the property minus necessary operating expenses. This is the before-tax figure which doesn’t include loans, capital expenditures, depreciation or amortization.
We’ll also need to know your rent rolls, number of units, and vacancy rates. P&L statements are also helpful. If you’re not familiar with these items, don’t worry. Just call us, and we’ll explain what these items are and how you can find them.
We provide you with a written cash offer within 48 hours of viewing your complex.
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