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Updated over 4 years ago on . Most recent reply

Frank Ma's profile image
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Frank Ma
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Frank Ma
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Multi-Family and Apartment Investing

Besides financials, what else should i look into for multi-family

Frank Ma
Posted

i am evaluating a multi-family investment opportunity in Houston. The financials make sense. What other key factors should I look into?

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Steve Vaughan
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  • Rental Property Investor
  • from East Wenatchee, WA
  • Member since Sep 19, 2014
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Steve Vaughan's profile image
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Steve Vaughan
  • #1 Personal Finance Contributor
  • Rental Property Investor
  • from East Wenatchee, WA
  • Member since Sep 19, 2014
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
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Steve Vaughan#1 Personal Finance Contributor
  • Rental Property Investor
  • East Wenatchee, WA
Replied

You are buying the tenants.

I was interested in an 18 unit.  I parked in the center a while and just looked around.  After the 3rd smoker came out to walk their pit bull, I said hard pass. No normal numbers like a cap of 7 make me want to buy a tough tenant class, but that's just me.   My last rough ones I bought at a 14 cap and re-stabilzed. 

What class of tenant are you buying?

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