All Forum Posts by: Ben Azubuike

You should be asking for the lease, estoppel, and verification of all of the expenses that the owner pays for. I assume that this is a SFH so they probably won't have the best records.

And I will do some google search but can I get from you . . . what estoppel means?

1 Vote

Savannah, Georgia

Quote from @Adam Bartomeo:

You should be asking for the lease, estoppel, and verification of all of the expenses that the owner pays for. I assume that this is a SFH so they probably won't have the best records.

Yes, I forgot to include that, its a SFH

1 Vote

Savannah, Georgia

Hello BP Community,

I just got under contract on a property, and I agreed a 9-day due diligence period under the contract. The property is currently tenanted with the lease expiring in July 2025. Property is also managed by a property management company. Its a 4bed 4bath, and the plan is to do a light rehab after the current lease ends, get new tenants and increase rents a little bit. Strategy is long term hold.

Question - Apart from getting inspections done by a quality inspections company, what other items do I need to verify or consider as part of due diligence, before closing or in order to decide Go-No-Go?

1 Vote

Savannah, Georgia

I'd like to get the thoughts of folks on this thread . . . what's a quick and dirty way to determine the ARV of a 2-4 unit multifamily?
Mine is actually a 2-unit (2/1 on each side) and when looking at comps, I'm torn between focusing on only 2-unit multis or is it okay to consider 4/2 SFHs as well? Or should I go the CAP rate route?

1 Vote

Provo, Utah

All Forum Posts by: Ben Azubuike

Ben Azubuike has started 1 posts and replied 5 times.

Post: What Due Diligence Items Should I Consider?

Post: What Due Diligence Items Should I Consider?

Post: What Due Diligence Items Should I Consider?

Post: What Due Diligence Items Should I Consider?

Post: Small Multifamily Only Works 1 of 4 Ways Right Now