FAQs
Frequently Asked Questions

Of all the FAQs this is the #1 FaQ

Top FAQ of all of our FAQs is, "How does the process work when I sell my apartment complex?" Our answer is see the infographic below.

Here’s our process, this is how it works when a multifamily investor like me buys your apartment or multifamily property.  

1. CONTACT ME.  Call me, Multifamily Investor Steve at 850-842-5900 or fill out a contact form on this page. We will talk immediately or within a few hours in most cases.

2. I WILL MAKE YOU AN OFFER. I will almost always make you an offer to purchase your apartment. I can make you offer while we are talking but I prefer evaluating the site and sending you a proper written non-binding offer within a few days or sooner.

3. UNDERWRITING / DUE DILIGENCE. After we come to terms and sign a non-binding Letter of Intent, we being out process of due diligence, lining up our funding structure and Limited Partners I work with to purchase the apartment, performing inspections, title review and go to contract. Due diligence can take a several weeks and is performed between months 1 and 2. 

4. FINALIZE TRANSACTION AND FUNDING PURCHASE. We will buy your apartment complex and close the acquisition at some point during months 2 and 4 or sooner on most transactions.

FaQ #2 is "Why Should I sell My Apartment CompLEX to you?"

Second on our list of FAQs is the question, "Why would I sell my apartment complex to you... (and not list it with my cousin the commercial broker)?"

#3 on our list of FAQs is, "who are you and How can you buy my apartments faster than IF I WAS using a broker?" 

Call Steve 850-842-5900.

This is probably the most important of the FAQs listed on this page. WHO AM I AND WHAT CAN I DO FOR YOU? My came is Steve Kazella, my company K2 Multifamily Investors buys apartment buildings and multifamily complexes in the South. I'm able to move faster than a broker because of our acquisition process and team of underwriters, attorneys, lenders and limited partners. I can save you a lot of time, money and headaches in your apartment complex sale when I buy.  As a  General Partner (GP), my team of one to several multifamily Limited Partners (LPs) step in to fund the portion of the deal between the purchase amount and what the lender is willing to finance in order to fund our acquisitions. This setup lets us move quickly and close deals in about 90 to 120 days — sometimes much faster, sometimes a bit longer, depending on the situation. 

#4 on our list of FAQs is "what TYPE of MuLtifamily PropertIES DO YOU BUY?" 

The 4th answer on our FAQs list is we buy the following types of apartment buildings and multi unit apartment complexes: 

• Class B - Class C multifamily apartments constructed between 1980 and 2015
• Minimum of 10+ unit per apartment up to 100 units
• Transactions in the range of $1-$10 Million in value or less
• Properties that need some TLC or new management 
• Located in the South, Gulf regions and Southeastern US

Multifamily Investor buys small to medium sized apartment complexes in Florida, Alabama, Mississippi, Georgia and other areas in the South. Call Steve at 850-842-5900.

Here are another Two dozen FAQs

These next two dozen FAQs are in no particular order:

• Q: How to sell my multifamily property or apartment complex without a realtor? You can sell your apartment complex directly to a cash buyer like us at Steve Buys Apartments, skipping the realtor hassle. Just contact us, call 850-842-5900, and we’ll handle the process quickly and smoothly.

• Q: How much does it cost to and apartment complex or sell a multifamily property? Costs vary but expect an arm and a leg plus extra for closing fees, title work, and taxes. Selling a multifamily property directly to us can cut out broker commissions and save you money.

• Q: How long does it take to sell a multifamily property or apartment? It depends on many factors such as financing but expect 90-120 days to sell your apartments give or take.

• Q: How much do brokers charge to sell an apartment complex? They usually charge and arm and a leg, that is, 5-6% of the sale price as commission. Selling your apartments to us avoids these fees entirely.

• Q: What is the fastest way to sell my multifamily property or apartment complex? That’s easy! Sell multifamily properties directly to multifamily investor who can also be a cash buyer if needed, like Steve for a quick deal call 850-842-5900.

• Q: What are the best ways to sell a multifamily property or apartment community? Listing apartment complexes for sale with a realtor can give you max exposure and also scare your tenants. Or you can sell your multifamily property to a multifamily investor cash buyer like us for speed and privacy. Direct sales avoid broker commissions and repairs, making it simpler.

• Q: How to sell a fire-damaged multi family property or apartment building?Sell your fire damaged multi unit property as-is to a cash buyer like us who specializes in distressed multifamily properties. We’ll make a fair offer and handle all the details rapidly.

• Q: How long do you have to sell a multifamily property or apartment complex after someone dies? Probate can take 6-12 months, delaying the apartment building sale. We can work with you during probate for a quicker process.

• If I inherit an apartment complex or a multifamily property and sell it, is it taxable? If you inherit an apartment complex, talk to a tax pro for your specific situation.

• Q: How to sell my inherited multifamily property or apartment buildings?Clear probate, then sell us your multifamily buildings to us for a fast, easy deal. We handle inherited multifamily properties and close on your schedule.

• Q: Can you sell a multifamily property or apartment complex before probate is completed? You usually need probate approval to sell, but we can start the process early. Contact us to navigate the apartment building sale during probate.

• Q: Should I sell my multifamily apartment property to pay off debt? Selling a multifamily apartment complex can clear debt fast, especially with a quick sale to us. Weigh the property’s income potential against your debt burden first and talk to your financial advisor.

• Q: Is it hard to sell a multifamily property or apartment building with a cell phone tower? It’s not hard, but cell towers can complicate deals due to lease agreements. Steve has been working with cell tower leases for almost 20-years and he understands cell tower leases and help you if you are selling an apartment building with rooftop antennas.

• Q: Is it better to sell my apartment building or multifamily property together with the cell phone tower or separately? Selling the apartment complex together with the cell tower or cell site is simpler, saves time, and often attracts more buyers, but separating the two assets can usually maximize value. We can evaluate your setup and offer the best option.

• Q: How do I sell my multifamily apartment property but keep the rooftop cellular tower lease rental income? You’d need to negotiate a lease carve-out before selling, which can be tricky. You basically need to give yourself an easement. Hire a local real estate attorney with good references. We can work with you to explore options for retaining cell tower lease income.

• Q: Is there a multifamily property investor who knows about selling apartment buildings with cell towers? Yes, we at Steve Buys Apartments know cell tower leases inside out. I’m your cell tower lease and multifamily property investor guy. Let us know how we can help.

• Q: What happens if you sell your multifamily apartment complex property before 2 years? Talk to a tax professional. You might face higher capital gains taxes if you owned it less than 2 years. Selling your multifamily property to us speeds up the process.

• Q: Should I sell or rent my multifamily property? Renting apartments brings steady income but requires management while selling your apartments gives quicker cash. We can offer a fast purchase of your apartment complex if you want out now. Call K2 Multifamily Investors at 850-842-5900.

• Q: What documents do I need to sell my multifamily property? You’ll need the deed, title report, survey and any lease agreements or financials. We’ll guide you through the paperwork for a smooth apartment complex sale.

• Q: Things to do to sell your apartment complex fast? Price it right, market it well, or sell your apartment buildings directly to us. We buy apartment complexes as-is, so no repairs or staging are needed.

• Q: Can I sell my apartment buildings if I’m behind on payments? Yes, we buy multifamily properties even if you’re behind on payments. We’ll work fast to help you avoid foreclosure and settle debts when selling your apartment complex property.

• Q: Can you sell apartment complexes in foreclosure?  Yes, but you’ll need lender approval or to act before the foreclosure sale. We can move quickly to help resolve your urgent and immediate apartment complex problem.

• Q:  Where does the name K2 come from? It's the 2nd tallest mountain in the world and Steve's last name starts with the letter K.  It took our creative team  about 5 minutes to come up with the name.

• Q: What separates K2 Multifamily Investors from other apartment complex buyers? Our Northwest Florida - Emerald Coast footprint, our incredible team of underwriters, SEC compliance and multifamily syndication attorneys, and our expertise in rooftop wireless easement sales are three main differentiators. 

Selling your apartment complex or multifamily property? K2 Multifamily Investors LLC buys multifamily properties build between 1980 and 2015 with a minimum of 10 units up to 100 units in the Southeast. Call us anytime in Northwest Florida at 850-842-5900.

Contact Multifamily Investor Steve

And if you're not ready to call me just yet at 850-842-5900, please take a minute to send me this short contact form on this page  so I can get in touch with you about buyout your apartment or multifamily property.  Contact us.