For multifamily, should I analyze numbers first?

[Donny Widjaja]

I've been looking at some multifamily (from 5 to 20 units) and practicing to analyze those deals with BP's calculator.

When I find a deal that fit my criteria, should I check for the real numbers from the seller first?  or should I do the inspection and appraisal first?

If you've have done some multifamily purchase, can you share what process did you take?  

Thanks.

[Account Closed]

@Donny Widjaja always always always verify the current expenses first before pursuing a deal, and make sure to factor in any other outside costs. For example, we underwrite every deal we sell with Management Expenses, Repairs/Decorating Expenses, as well as a Reserve Expense. Also, make sure you get an up-to-date rent roll to verify rents, occupancy, etc. If the deal looks good at that point, then consider pursing things further.