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Updated over 8 years ago,
First Multi Family Property
Going to look at my first multi family property tonight, looking for any advice as to what to look for and watch out for as i go through this journey.
Pro forma numbers are good. Meets 2% rule and the 50% rule, cap Rate is 15.2 and based on my proforma numbers will cash flow just under 1000 a month for a 4 unit. I have been looking to make the jump into multi family for a while so any advice to help me keep my googly eyes at bay as my wife calls them will be greatly appreciated. Also what things should i be asking the realtor to make sure i get true numbers on the expenses? I did get a copy of the rent log already to check that.
Thanks for any help