Analyzing deals in multi-family space

[Johnny Constantino]

Hello all,

I am just starting out in the real estate business and am putting my focus in the multi-family apartment space. Once my partners and I pick a market, we want to analyze all deals in that neighborhood to get an idea of what properties are selling for, rent comps, expenses, etc. We want to underwrite deals that we wont even buy for practice. How can i get the financials on properties without wasting broker’s time? Can i just call sellers/owners directly and ask for their trailing 12? Or do i have to act like I am interested in buying each deal i want to analyze?

Thank you for taking the time to read my post and I appreciate all feedback

[Arn Cenedella]

@Johnny Constantino

Get on Commerical broker email lists and you will be automatically sent deals. It’s all automated so you aren’t wasting the broker time. The emails will contain links to the offering memorandum plus financials. 
Figure out which brokers are selling MF in your market areas of interest. 
it’s a great way to further your market knowledge. 

Good luck! Arn