Making Offers On Multi-family and Apartment

[Rodney Slaughter]

When making offers on multi-family and apartments, What is the way to gather information to determine if you have a good or bad deal?

[Todd Olson]

Ask the listing agent to provide the T12 (trailing 12 months) for the property. Get rent rolls and find out the expenses. Ask an experienced agent or some experts in that specific area here on BP to see what is a good cap rate. Once you have the numbers down make sure it cash flows after PITI is paid out. Feel free to post the numbers here and ask for help. Plenty of great people on BP to get you to a finish line.