Multi family valuation

[Chris Turner]

Trying to figure out how to buy a multi-family property.  How do I determine its value?  I'm new, but a quick study.  Thanks.

[Curtis Rouse Jr]

Hey @Chris Turner and welcome to BP! So multi-family are mainly valued based on the income approach so you are looking for the NOI and that's capitalized at a specific yield that an investor is willing to pay for that property in that specific area. This is a general valuation but different operators will come up with different valuations based on their business plan and how they will operate the property. I'm an investor myself and commercial realtor that works with apartment owners/buyers on the valuations so would love to help out just send me a message. BP has some great calculators to start with but you eventually want to have your own database from scratch or software with "Your" specific needs. Best of luck and if you ever need help with any apartments or business valuations in the Atlanta area let me know!