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Updated 6 months ago,
What Sites/Places Do You Use to Find MultiFamily/Apartments to Purchase?
Does anyone know any good sites/places to purchase MF/Apartments?
I typically look at Loopnet, Crexi, and Google "Location + Multifamily Broker", any other recommendations?
Also, what do you typically look at before contacting the listing agents/owners?
I normally research:
-Location
-Crime
-Median House Hold Income (HHI)
-Zillow - other similar units + B/B that have sold in the area (ex. 1-2 miles in the past 90-days)
When contacting, anything you would ask aside from the following?
-NOI (past 2-years if available)
-Vacancy %
-Repairs needed
-Pro forma
-CAP Rate (something around 4-5% is what you recommend?)
-Calculate your own cash-on-cash
-Contingency 14-day inspection