3 Critical Areas to Evaluate When Walking Through Large Apartment Buildings [Video!]
Hey, BP! The first time I walked through a 50+ unit apartment building, it was a bit overwhelming. Well, 10 years later (and having attended the School of Hard Knocks), I can tell you the evaluation process is not overwhelming and has become much simpler. I know what is important and not important to look for during these walk-throughs.
During this video, I share three critical areas that I evaluate when I walk through a large apartment building, which include: 1) capital expenditures, 2) repositioning opportunity, and 3) reduction of expenses. I hope you find the video to be helpful as you prepare to walk through large apartment buildings!
Is there anything you’d add to my list?
Leave some comments, and let’s get a convo going!
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Matt Faircloth, Co-founder & President of the DeRosa Group, is a seasoned real estate investor. The DeRosa Group, based in historic Trenton, New Jersey, is a developer and owner of commercial and residential property with a mission to “transform lives through real estate." Matt, along with his wife Liz, started investing in real estate in 2004 with the purchase of a duplex outside of Philadelphia with a $30,000 private loan. They founded DeRosa Group in 2005 and have since grown the company to owning and managing over 370 units of residential and commercial assets throughout the east coast. DeRosa has completed over $30 million in real estate transactions involving private capital including fix and flips, single family home rentals, mixed use buildings, apartment buildings, office buildings, and tax lien investments. Matt Faircloth is the author of Raising Private Capital, has been featured on the BiggerPockets Podcast, and regularly contributes to BiggerPockets’s Facebook Live sessions and educational webinars.