re: Information for my fellow Real Estate Investors

quote:

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Going look at a MF property tonight. This will be the initial visit. What are some things to look out for/questions to ask? Is it acceptable to ask the tenants questions (like if have they had any issues with the property)?

After this visit, we will request rent rolls, current leases, and maintenance records

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I think most things were covered up top. You might want to scroll up. come back and tell us what's the asking price and for how many units. Then run your numbers and see how much PCF you would get per unit monthly. WIth a lot of units sure it will be less MAYBE than a SFH(depends) but SHOULD be more % wise based on COC return per unit. Over 4 units and you will need a commercial loan. Good luck.