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Updated about 2 months ago on . Most recent reply
32 unit multi
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
#3 General Real Estate Investing Contributor
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#3 General Real Estate Investing Contributor
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- SE Michigan
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Greg Scott
#3 General Real Estate Investing Contributor
Pro Member
#3 General Real Estate Investing Contributor
- Rental Property Investor
- SE Michigan
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.