Newbie-Market Metrics/ Deal Analytics

[Francis Morris]

Newbie Real Estate Broker in Westchester NY interested in multi family investing. 2 questions:

1. What website or platform would you suggest I use to look at metrics that are relevant to multifamily investing like supply and demand, occupancy rates etc. 

2. Is there a good place to look at detailed multi-family investment offerings? The purpose here is to get used to looking at deals and better understand how syndicates might work etc.

Thanks

[Noah Krietsch]

Hi Francis.

1. Take a look at the website USA.com/rank.  You can search any city, state, zip code, etc... Upon searching for a given city, you can view lots of helpful demographic data like renter occupied % rate for an area, poverty levels, median household income, % of jobs per a given sector, and much more.  The big thing is knowing the right metrics to look at.

2. Your best options are:

a) LoopNet-->filter it to Multifamily

b) Find commercial real estate brokerages and view their listings directly on their website  (some brokerages will have access to the pertinent documents for a listing on their website, or you will have to request them from the listing broker)

Looking at and starting to analyze deals will give you a background / solid base in how multifamily works. Then you can start researching how syndication works. I would not recommend starting to learn syndication right away before learning how to underwrite a multifamily deal in general.