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Updated over 11 years ago,
Evaluating Apartment Building for Wholesale
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