Multifamily Evaluation Criteria

[Joe Moffett]

Hey Guys,

I know we can use the BP calculator for evaluating deals, and if one was to calculate by hand or create there own personal way to evaluate a deal - what would include?

I'm looking at 2/4plexes, and eventually more doors. I get that with expenses we look at utilities paid by the owner, PITI, lawn/snow removal, any maintenance. Is there anything I'm missing? The roof, foundation and all that I know will happen with an inspection.

We want to make sure there's a good cap rate (some say it doesn't matter), IRR, COC, 1% rule and cashflow...am I missing anything else?

Eventually I’d like to get into 59+ doors and be able to analyze it more quickly. Keep in mind I’m doing this more than likely at a distance.

Thanks in advance!