Key Factors To Consider

[Roberto Rodas]

Good afternoon Everyone, 

I've been interested in RE investing for awhile now, specifically multifamily.  What are some factors to really  consider when analyzing mulitfamily properties. I am really just looking at duplexes but considering properties with more units. TIA

[Account Closed]

Buy in your local area and learn hands-on how to operate multifamily properties. Then you'll know how to manage a team to run your properties for you later on. 

When analyzing the deal don't just consider rental income - debt service. I see a lot of newer investors significantly underestimate the expense side of the ledger. 

Underwrite allowances for 

- Vacancy, Prop Taxes, Insurance, Utilities, Repairs & Maintenance, a Reserve Account, and Property Management.