Determining a good multifamily deal.

[Koi S.]

Hello investors! 

Looking to purchase my first duplex/fourplex.  I have one in mind, a fixer, but not sure if I've included everything in the math.  What is a good way to determine a good deal? 

All advice and tips welcomed!  Thank you in advance!

[Michael Dumler]

@Koi S. general rule of thumb, run your numbers with other investors in your local market. A good deal is dependent on your criteria and the return you would like to achieve through the asset. One of your biggest variable expenses, from what you have mentioned, would be your rehab costs. The rehab alone can make or break a deal. Have you provided a scope of work to a contractor to gauge the overall rehab estimate?