What's Your Deal? Good Deal? Bad Deal?
Hi All!
First of all, I'm loving this community. So many active and knowledgeable people! It's awesome!!
Okay so, there's a lot of talk about, "getting/finding a good deal".
To me a great deal in a multi-family apartment building (+5) would be:
CAP Rate >= 8%
CoC Return >= 12%
DTI >= 1.6
Now, good luck finding that on the market. So, what are the next best numbers for Multi-family on the market? What numbers do you need to hit?