Running numbers on commercial properties
My husband and I are looking to start investing in commercial apartments (5 units and up). My question is where is the best place to learn how to know if the property is a good deal and how to run the numbers on that type of property? I have found lots of info on running numbers on residential (4 units or less), but not so much on what we are looking for.
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There are a number of training/coaching/mentoring organizations who specialize in multifamily and share their spreadsheet templates. You might check them out to get a feel for the kinds of income and expenses to track and how to do it. A few good ones include REMentor, Brad Sumrok, Rod Khlief, Michael Blank but BiggerPockets members probably share templates too. Also buy their educational materials, well worth it, and listen to podcasts. It takes time but doing it right saves time and money.