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Updated about 2 years ago on . Most recent reply

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Edwin De leon
  • Investor
  • bronx, NY
41
Votes |
265
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2-4 MF Investors - What tool u recommend to find, analyze 2-4 MF

Edwin De leon
  • Investor
  • bronx, NY
Posted

Seek a software too that will help me identify hot areas in any state I should be buying 2-4 properties. 

Considering Mashvisor last night, told me that it does not list lots of multifamily properties it is mostly for single family properties. My objective is to identify great potential 2-4 multifamily properties, what questions would you ask Mashvisor if they tell that they do not list lots of 2-4 MF deals, how does affect their tool in finding and analyzing deals through out state of CT, and how can you verify that their data is correct when analyzing multifamily properties

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Leo R.
  • Investor
692
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Leo R.
  • Investor
Replied

@Edwin De leon I've never used Mashvisor....however, a 2 to 4 unit MF is relatively small in the grand scheme of things--you can analyze that type of property without any type of specialized software.

There's a LOT to real estate that data and software cannot convey (Zillow discovered this the hard way). For instance, nearly all my properties have traits that were critical to their financial viability as rentals, but which would have never been conveyed in numbers or via software...because of that, I prefer to collect my own data, do my own analyses, see the properties with my own eyes, and do my own due diligence--and I don't need any fancy software to do that (at least, nothing fancier than Excel).

Just my two cents.

Good luck out there!

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