EP059 How to Locate, Negotiate, Syndicate, and Acquire a 40-Unit Apartment Community with Josh Sterling

EP059 How to Locate, Negotiate, Syndicate, and Acquire a 40-Unit Apartment Community with Josh Sterling

If you've ever wondered what it takes to acquire a 40-unit apartment community, then you don't want to miss hearing Josh Sterling take you through the process step-by-step.

You might recognize Josh from Episodes 33 & 34 where he discussed his Buy & Hold portfolio in Single Family, Multifamily & Apartment rentals. Josh is also the owner of Epic Property Management near Detroit, Michigan.

Josh recently acquired this 40-unit in Newport, Michigan, and he's going to walk us through the entire process. Josh discusses the broker relationship that gained him access to this deal, how he ran his initial numbers, the site visit, the Letter of Intent, negotiating the purchase price, the purchase agreement, due diligence, the physical inspection, working with the lender, committing his own money toward earnest funds and bank fees, raising other people's money through syndication, pro-rating property taxes, closing the deal, and managing the property after acquisition.

If you're looking for actionable information that will help you do your next deal, then you owe it to yourself to hear what Josh has to say.

And if you like what you hear, do me a favor and go to to itunes to give us a review & rating.

Enjoy!

Jaksot(588)

When Good Deals Go Bad: Real Stories From Experienced Investors

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The Hidden Financial Tool Every Real Estate Investor Should Know: Surety Bonds with Gary Eastman

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Most real estate investors have never heard of surety bonds, yet these little-known financial tools can determine whether a project finishes on time—or falls apart. In this episode, Brian Hamrick talk...

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Billions of dollars in office and retail buildings are trading at deep discounts right now. While most investors see risk, Scott Sherman, Founder and Principal of Torose Equities, sees opportunity. Sc...

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New 1031 Exchange & Bonus Depreciation Updates for 2026: Tax-Smart Real-Estate Strategies with Dave Foster

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It's tax season — and the rules have changed again. With new updates to the 1031 exchange and bonus depreciation, real-estate investors have more ways than ever to defer taxes and build wealth in 2025...

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Building Affordable Homes in Hawaii's Lava Zones: Fuzzy Jardine on Respecting the Land and Creating Generational Wealth

Building Affordable Homes in Hawaii's Lava Zones: Fuzzy Jardine on Respecting the Land and Creating Generational Wealth

Kolaiah "Fuzzy" Jardine, co-founder of HUI Mastermind, joins Brian Hamrick to share how he overcame adversity and built a multimillion-dollar real estate portfolio across Hawaii—developing over 100 af...

26 Tammi 30min

Conference Announcement: Midwest Real Estate Investor Conference April 27–28, 2026

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The Midwest Real Estate Investor Conference (MREIC) is back April 27–28, 2026 at DeVos Place in Grand Rapids, Michigan, and this year's theme is Thrive. This quick special announcement features Erika ...

22 Tammi 9min

The Truth About Subject-To, Seller Finance, and the Risks Most Investors Miss with Caleb Christopher

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Creative financing opens amazing doors for real estate investors—but it can also destroy deals when done wrong. In this episode, Caleb Christopher, founder of Creative TC, breaks down how to use Subje...

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