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Updated 3 months ago on . Most recent reply

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Jefferey Eutsay
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32 unit multi

Jefferey Eutsay
Posted

I'm considering making an offer on a 36-unit multi-family property. I have a potential private lender, but I need to determine if this is a viable investment opportunity and explore the best financing options

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Greg Scott
  • Rental Property Investor
  • SE Michigan
5,708
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Greg Scott
  • Rental Property Investor
  • SE Michigan
Replied

If you don't know how to evaluate whether or not it is a viable investment, why would you make an offer?

Please, please, PLEASE learn how to underwrite an apartment before taking the next step. If you don't know what you are doing there is a greater than 50% chance you are making a big mistake.  With no experience, you probably would never be presented with a good deal.  You are likely seeing only the dogs.

  • Greg Scott
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