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Updated over 7 years ago on . Most recent reply
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The ideal multifamily building
What is your ideal 4-8 unit building? Square footage, amenities, etc....or, what do you despise in your buildings?
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@Matt Groth I have have a few 8 unit buildings. I am always loooking for a building with the "right things wrong with it." (e.g. under-rented, utilities not sub-metered, maintenance has been neglected, landscaping looks like crap)
At that size, school district and surrounding area play a larger part of my evaluation than on larger plays.
Bottom line is finding a building whose problems align with your strengths. Value- Add, Value- Add, Value- Add.