All Forum Posts by: Nicholas McDonald

@Nicholas McDonald

Know your market.  Find out what is being built today, in the next 5 years. If you need to subscribe to a local paper. They will generally have stories on large MF projects. For example in the Reno, NV area there a small MF opportunities and there was also a large MF project that just came online that temporarily lowered rents. Compared to ATX where rents are still dropping because of a glut of inventory.  It's now nearly fully occupied and rents are going back up. There are no more new large projects started. So the outlook is better for rent growth. Also look at job growth and alternative inventory growth. Start small and scale. Find a partner if needed.  Analyzing the specifics is basically the same. Income-expenses.  This is where a good mentor or partner can help with the details of a deal.