Need Advice or Guidance on First Multi Unit Purchase

[Brenda Stephens]

Trying to purchase my first multi unit in the state of IL.  Three unit brick, that needs rehab, trying to get a 203k but having a difficult time. Plan on house hacking.  Any help/advice would be appreciated 

[Joshua Janus]

I would advise finding an investor friendly realtor. You really want someone that invests in their market themselves and understands the numbers. They should be able to determine the COC, annualized return, estimated ARV of a BRRRR, accurate rent comps and more. The valuation and market value of a multi family property differs from a single family and you want someone that understands the distinctions if you go that route. If they just represent first time single family home buyers and aren't constantly finding off market properties and reviewing deals, you'll find a better investment through someone else.