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Updated over 11 years ago,

User Stats

619
Posts
75
Votes
Terry Royce
  • Real Estate Investor
  • Baltimore, MD
75
Votes |
619
Posts

Evaluating Apartment Building for Wholesale

Terry Royce
  • Real Estate Investor
  • Baltimore, MD
Posted

I am looking at an apartment building to wholesale.
However I am having a tough time of knowing where to start to evaluate it.

The asking price of the building is 250k,
Repairs Needed are 150k
Fully occupied will bring in 8,500-9,500. per month
Property taxes: 8,700 year
Building is currently vacant due to fire.

I am unsure what lender related costs etc are typical for this deal.

Could someone give me a brief overview of how they would look at it, and analyze it.

Thanks
-Terry

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