App or calculator for vetting multifamily deals?

Question

Can anyone suggest and app or calculator to use for vetting multifamily deals?

Kristofor Rahmas · Answer

Dealcheck.  I use it all the time.

James Murphey · Answer

@Kristofor Rahmas Deal check sounds good. I will check that out.  Thanks!  @Robert Leparulo I can not remember which podcast I heard this on, but I use it when looking at bigger multifamily.  The investor said they would simply use the 50% rule, and then check what the supposed cap rate would be.  An example would be if a multifamily cost 800k and the annual expected income is 60,000.  You would simply divide 60,000 by 2 giving you 30,000.  Then you would divide 30,00 by 800k to get a Cap Rate of .0375.  This is an actual property I analyzed with this method.  It is a quick way to check if a deal is worth analyzing.  Hope this helps.

Tj Hines · Answer

@Robert Leparulo we use @Michael Blank SDA. It works great and very cost efficient. A ton of experienced syndicators use this software that has allowed them to close on thousands of doors. Michael is always updating the software too with new features.

App or calculator for vetting multifamily deals?

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