HELP!! Analyzing a 4 unit deal..

[Blake Boyles]

I have a 4 unit deal that I am currently analyzing. From what the seller has told me and provided me with, it seems to be a good deal. I've used the BP calculator but it doesn't pencil out all of the units the way I want it to. If anyone is willing to take a look at the info I have, please contact me! Thanks in advance! 

[Johnny Kang]

@Blake Boyles

Hey Blake, not sure how many deals you've done so far, but to me it sounds like you are depending wayyyy too much on the seller providing you info. Yes, seller needs to provide info, but you have to run your own #s and verify what they're telling you (i.e. get copies of checks deposited and not just take their word for it). Sellers will always try to show more income than they're actually collecting, by talking about "potential" or pro forma, etc., and always downplay the expenses. After you've analyzed about 100+ deals you'll start to get a feel for what income & expenses should be; this coupled with walking through dozens and dozens of properties (if you've done some renovations, that will also help with what needs to be fixed, which will add to your cost).