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Updated over 1 year ago on . Most recent reply

User Stats

101
Posts
27
Votes
Freddie Williams
  • Rental Property Investor
  • Norfolk, VA
27
Votes |
101
Posts

How to filter deals.

Freddie Williams
  • Rental Property Investor
  • Norfolk, VA
Posted

Just looking for insight regarding purchasing my first multi family. My current process is I first look at landlord friendly states, then I filter down with unit amount, and cap rate. But what else would you filter from that list. I know some say economics of the area, others say population ( once heard not to invest in a area less thank 200k pop). Some say do not purchase a property, if there is a similar unit next door, like if its 30 unit complex divided into 2 buildings. Make sure you can get both. What are your thoughts? Am I on target, what else would you consider?

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