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Updated almost 7 years ago,
The process for my first multifamily purchase
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