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Updated over 4 years ago on . Most recent reply
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What's best way to search for Multi-Unit property for investing?
(1st Post on BP!)
I'm looking to find my 1st 2-4plex multi-unit property for house hacking & investing and am curious (from expert opinion) what is the best way to find one? ..A realtor? Refin, Trulia, Zillow, etc.?
Also, how to valuate if it's a good investment? Is there a certain calculator tool or spreadsheet you use to run specific criteria to assess best cashflow?
And.. Property management? How to find a good property manager after? And how to find & properly screened tenants...? Craigslist??
Thanks!
Most Popular Reply
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@Dane Maglinao love your question. So I am not sure if this is the best way, but this is what I been doing... Have you joined local Real Estate investing page on FB? I am sure there are a bunch in your local market. Join the group and post what you are looking for, but you may get some deals that are over priced.
BP has great calculators to use for figuring out if the deal well cash flow!
The search for a Property Manager is finding one that aligns with your over all goals. I think that you should manage your first rental, so you know what it takes to manage it. This will also give you a baseline what PM go through and see what value they are able to bring to you in the future.
- Nathan Cross