Looking to buy my first 4 unit apartment complex

[Brandon I Garcia]

Hi all,

New to the forum. New to real estate in general. Currently (soon to be) CPA after some documents clear up. I want to invest in my money while i'm still young. That being said... I'm trying to analyze my first deal. The realtors i'm working with are great and have knowledge with this kind of purchase and property since they've owned and currently still own apartments. Most are 2004/2005 buildings. What should I be looking for? Capital expenditures I should expect or see if there is anything wrong in the building?  In my area the rents run about 600-700 a month for a 2bd/2ba. Any advice is appreciated! 

[Jaron Walling]

@Brandon I Garcia Do you rent or own currently? Taking down a 4-unit is a tall task given how competitive multi-family has become. A large portion of DEALS like that are sold off market. It's important to have an understanding of the market, running numbers, valuing property based on NOI, and estimating rehab. Those things could benefit you if you don't have much experience.