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Updated almost 10 years ago,
Help me with my first deal: 13 unit multi-family in San Pablo
Hey folks,
I'm new to bigger pockets and real estate investment.
Just got into escrow on this 13 unit multi-family in san pablo, ca.
Here's the offering memorandum:
https://www.dropbox.com/s/wzcap5pjemeomdz/1610Amad...
Would love to hear your thoughts on what you think of the deal, and what (if anything) looks out of the ordinary.
Specifically, where would you start with due diligence, and wether or not the deal looks good to you!
I spent some time creating a sheet that has the actual numbers (not pro-forma) and does a cashflow and IRR analysis both pre and post tax.
Here it is in excel:
https://www.dropbox.com/s/q3kb4d8i8lal7g3/Multifam...
And google spreadsheets if you don't have excel:
https://drive.google.com/file/d/0B3mCFuskyWBHNklDR...
Thanks in advance for your help. I honestly would not have been able to make this leap without the TONS of amazing advice and dialogue on this site. What a gem!