Multi Family Analysis

[Raymond Hill]

Hello Everyone,

My fiancee and I are looking for 3-4 unit properties in Rhode Island. Mainly in the Providence County Area. I am trying to teach my fiancee how to analyze a property and run a quick analysis to see if the property is worth moving forward with. 

What are some of the systems, excel sheets, etc do you guys use to run the numbers to see if the property is worth moving forward to seeing.

Thanks

Ray

[Nancy DeSocio]

Hi @Raymond Hill,

I'm new to investing, so take this as newbie advice, but I use the BP calculator for analyzing properties. I've run countless properties using this tool, as it accounts for every expense that I'm aware of. We recently bought our first MFR based on the analysis from the Rental Calculator, and it seems to paint a accurate picture of what our monthly cash flow will be. We only look at houses after running the numbers through the calculator, and it has saved us a ton of time we'd have otherwise wasted looking at duds. Curious to see if more experienced investors use other methods so will follow this post in hopes of learning from others as well! Good luck in your search!