All Forum Posts by: Aharon Najafi

I'm just starting with multi-family

Does anyone have some tips on how to do multifamily comps? 

I'm trying to find 3 sold and 3 active but there's not much to compare to in the last year. I'm able to find 3 suitable sold properties but not 3 active. Should I go further back? What should I do in this case?

Hi all! Newbie here, I'm Aharon.

I'm based in WA and looking for properties in Atlanta, GA. I haven't acquired any properties yet but I have been more interested in properties that already have tenants. I have been in and out of deals for the last 4 months but nothing seems to stick. Either the seller isn't interested in my "walkaway" number or I go binding and find there is a laundry list of items that I'm not interested in. For me if it's anything more than cosmetic such as fixtures, paint, patching, or roof then I'm out. The other hard thing is that due to these restrictions it has been hard to find properties that will cashflow.

I'm sure your first question will be "Why are you trying to do this from so far away?", well, because I grew up in Atlanta so I'm familiar with the area and I have a fulltime job to maintain in WA.

Does anyone have any suggestions about how to land these deals and still keep cashflow?

You can still walk away - dont let your realtor talk you out of it. Then walk away from your realtor, your realtor should be completely flexible with your terms.