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Updated about 3 years ago,
First large Multifamily Walk-Through...Any tips?
Hey all,
Getting ready to do my first larger multifamily walk-through (170 units). I will have contracts, my mentor, some investors, etc with me so plenty of eyes on this place. But I have never done a multifamily walk-through. I have shown the units of a building being sold, just never on the buyer's side. I have experience with SFH walkthroughs so it's not all totally new to me. This is a value add a property with reno to be done in every unit and all over the property so getting bids is a large portion of this.
In an effort to come to the table with as much knowledge as I can as this property is a very large chance for me to break into multifamily and gain the confidence of my mentor, I wanted to reach out to the BP community
So what are some things you look out for?
Was there something you wish you knew before your first walk-through?
I found a walk-through checklist on google, but do you have one you love? possibly willing to share?
I will be overseeing this property and previously oversaw a 36 unit MF, any advice
I'm really looking for anything that you may have wished you known going in and particularly this walk-through we're about to do
I truly appreciate any and all responses. This is going to be a large learning curve for me but I'm incredibly excited to go through this process and hopefully share it with the BP community in the future!