Gathering the whole cost of a multi unit house hack

[Joe Aquilina]

When I’ve found a good price for a 3-4 unit. Where do I start gathering all the costs? What if there are tenants already living there? I’m not too sure as to where to start with assessing costs yet.

[Abel Curiel]

Originally posted by @Joe Aquilina:

When I’ve found a good price for a 3-4 unit. Where do I start gathering all the costs? What if there are tenants already living there? I’m not too sure as to where to start with assessing costs yet.

 Hello Joe,

Most of the information can be gathered by the Listing Agent on the property. You can request rent roll, utility expenses, property management expenses, other receipts, etc.

Please keep in mind that the listing agent represents the seller and has a fiduciary responsibility to the seller. This could mean that they'd hold back some information in the best interest of their client.

You can also ask local investors about their typical expenses for rough estimates. Local investors can be found here by using the "search" icon above. You should also look into local meet-ups.

Best of luck to you moving forward!

Abel