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Updated over 5 years ago on . Most recent reply
#5 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- Dallas, TX
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Multifamily - Digging in on the numbers when submitting offers!
#5 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- Dallas, TX
Sharpening the Numbers💥 In today's market you really need to be able to correctly sharpen your numbers when making offers on Multifamily properties!
👉 From your rent comps, taxes, insurance, payroll, CapEx, debt, etc... You need to put in the time, use the tools & power team that will determine the most accurate & proven numbers.
This way you can confidently submit your highest & best offer without a doubt.
I spent a good portion of yesterday really dialing in on the CapEx needed on a deal that we are submitting highest & best on.
👇 Do you take the time to really dig in on the numbers when submitting offers or do you use rule of thumb numbers?
- Jorge Abreu
Most Popular Reply
@Jorge Abreu, I wonder how you estimate exit cap rate. That's the most important input of any underwriting model and .25% swing may turn a good deal to a mediocre one and a mediocre one to a money loser.