How to estimate expenses on a multi-family

[Andrew Reyes]

Hi All,

I am starting to save for my first rental property, hoping to find a suitable 3-4 unit asset that will cash-flow. As a little background on myself I am a tax consultant by trade (applying for my CPA license in January), and want to build my real estate portfolio that will provide solid cash-flows to supplement my earnings and accelerate my retirement.

How do you estimate operating ans capital expenditures on a month-by-month basis to determine NOI?

[Rosston Smith]

Ask the seller for a copy of expenses for the last 12months. That's the easiest way