All Forum Posts by: Jake Peterson

I am looking at a few different MFH for sale. I run the numbers and am finding deals that I think are pretty good. My questions are, how do I know if I am buying in a good area? How do I know that it will rent out? Do I just have to dive in and manage the property to the best of my ability and hope someone finds it and says "this one looks good"? Any tips on making your property stand out?

Thank you all for your input. I totally understand what you are saying about starting small. I have been analyzing some deals and find that I can generate higher cash flow from these MFH than SFH. Most of the time in fact, I am finding that my cash flow is negative at the end of the month on most SFH whereas MFH are generating close to $100/unit/month cash flow and way higher cash on cash returns. That is why I am very interested in MFH. I definitely have a lot to think about though.

I am looking into buying my first rental property and have a few questions. 1). Is it common to ask for the rental history of the property to see how full/vacant it has been for the current owner and how do I go about doing that? 2.) Most properties (multi family) I am looking at are currently full/ almost full. How do I tell if the current owner didn't just go out and get the property fully rented to sell? 3.) This is kind of the same as #2, how do I find out if the current tenants are "good" tenants? 

Any help/ advice is greatly appreciated.