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Updated almost 7 years ago on . Most recent reply

User Stats

11
Posts
1
Votes
Ramsey Lee Rodriguez
  • Little Rock, AR
1
Votes |
11
Posts

The process for my first multifamily purchase

Ramsey Lee Rodriguez
  • Little Rock, AR
Posted

Hello Everyone,

I am currently in the process of purchasing my first multifamily property.  It is a foreclosed property.  My questions; what is the best way to analyze the property (cap rate, cash flow, etc.  I have an idea what the comps are in the area)?  How do I screen for tenants (websites for back ground check, credit, etc.)?  What type of loan should I look for (bank, credit union, or mortgage company)? 

Thank you,

Ramsey

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