All Forum Posts by: Michael Egan

When buying real estate in a place I am not familiar with, I always hear about talking to property managers, walking around the neighborhood, seeing how it is like at night, etc. I am wondering if there is a way to learn about an area and the tenant base with more precision than walking around and asking people for their thoughts? Thank you!

Hi all,

I am wondering how you find the data you need to underwrite a property in a market you do not have experience in? That can be either you are a new investor, investing in a different neighborhood of a large city, or investing in a new city altogether. I would love any insights you can give to how you gather this data and what data, other than rent, you look for to validate your investment?

Thank you!

Wow! Very interesting. Could you please run it on 90007 and send it to me?

I keep hearing all about how the best deals are off market. But, obviously, they are hard to find by virtue of being off market. How do you all find good off market deals? Is there a way to efficiently learn about them or do I just ask brokers to send them to me? If you have an answer specific to multifamily and/or Los Angeles that would be great but I'd also love to hear your thoughts in general. Thanks!

I am trying to build an excel model, what do you look for first when you analyze a property? I want to make sure I don't miss anything important. 

At what point in considering a multifamily property do you reach out to the seller’s agent to ask for actual income and expenses? Especially if the OM only has pro forma?

@Chris B. I don't, would that make it more valuable?

How valuable would a tool that can automatically compare and rank all the properties you are interested in based on expected percent upside be?