![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1090075/small_1621508714-avatar-ramiror10.jpg?twic=v1/output=image&v=2)
8 May 2024 | 9 replies
Pop the address in there and see the basic figures for other units nearby.Then go do it yourself.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2964199/small_1709539767-avatar-monteb17.jpg?twic=v1/output=image&v=2)
6 May 2024 | 7 replies
My ultimate goal is to acquire multifamily units.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/267820/small_1707842389-avatar-jorgea3.jpg?twic=v1/output=image&v=2)
8 May 2024 | 0 replies
Furthermore, understanding the resident characteristics allows me to measure the target market and modify my investment strategy accordingly.Inspection ChecklistSituations vary from one property to the next, but here is an on-site inspection checklist to get you started:Interior Units:Inspect vacant units, including one of each finish out type (Classic, Reno, etc.).Check all down units.Inspect one unit from each unit mix.Exteriors:Landscape:Look for overgrown bushes.Identify trees that need trimming (no branches hanging over the roof).Take pictures of the following:Curb appeal on all sides facing the street.Landscape around the office and amenities.Overgrown bushes or trees.Any dead landscape.Areas that may need sod or mulch.Assess drainage:Ensure water flows away from building foundations.Check slope, gutters, downspouts, surface drains, French drains, etc.Exterior Walls:Determine the existing material (wood, vinyl, Hardie, brick, stone).Assess the condition of the walls.Note if painting is required.Take pictures of each building, including building number, each elevation (clockwise), and any breezeways or niches.Windows:Evaluate the condition of existing windows.Consider whether solar screens should be installed.Roof:Identify the type of roof.Assess its condition and age.Parking Lot:Check for potholes.Assess the need for restriping.Note whether the parking lot is concrete or asphalt.Evaluate drainage issues.Walkway:Look for tripping hazards.Assess drainage issues.Foundation/Gutters:Inspect for cracks in the brick.Check for separation in corners from fascia and trim boards.Evaluate drainage and identify poor drainage areas.Amenities:Identify possible improvements.Consider adjustments or additions that can enhance amenities.Talk to the Staff:Maintenance: Inquire about the physical condition.Office: Discuss current residents, delinquency, and potential changes to add value.Assess whether rents are too high or too low.Confirm rents and what is included/not included.Confirm other sources of income and associated charges.Confirm occupancy, pre-release, and vacancy numbers.Note: Maintain professionalism and avoid insulting the owner or broker, regardless of the property's condition.Keep in mind that investing in real estate is like solving a puzzle—you need all the pieces to see the big picture.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/1046237/small_1694722945-avatar-anands10.jpg?twic=v1/output=image&v=2)
8 May 2024 | 2 replies
Laws are different for less than 4 units and 4 and up on multifamily properties, and landlords have more control over their property for under 4 units.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2428364/small_1696995275-avatar-puniths.jpg?twic=v1/output=image&v=2)
8 May 2024 | 7 replies
Currently prepping a new property in Arizona for the rental market and seeking advice on planned updates:Considering upgrading laminate countertops to quartz for durability and aesthetic appeal.Freshening up interiors with a repaint.Looking for reliable washer and dryer units suitable for rentals.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2875618/small_1699987112-avatar-jimp228.jpg?twic=v1/output=image&v=2)
8 May 2024 | 1 reply
Hi,We have one unit of a 6 unit building that shares gas & electric with the building.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2992635/small_1712687084-avatar-nicks893.jpg?twic=v1/output=image&v=2)
8 May 2024 | 1 reply
Investment Info:Small multi-family (2-4 units) buy & hold investment.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/3011019/small_1715094326-avatar-kalebp14.jpg?twic=v1/output=image&v=2)
9 May 2024 | 6 replies
I'm located in the Grand Rapids, Michigan area and am open to properties basically anywhere in southern Michigan (anything south of Muskegon from Lake Michigan to Lake Huron is fair game imo.)I now have a fairly large nest egg of cash beyond all of my other investments (stocks, bonds, treasuries, crypto) and I want to turn that cash into a real estate investment or investments and I think my deep background in tech, systems, and marketing should be able to help me substantially.It seems to me like BRRRR on multifamily units makes the most sense, but I'm open to suggestions.I'm basically retired at this point as the only work I do each week is 3-4 hours of consulting for larger tech companies and I'm on a couple advisory boards.What are the best first steps in building a team and creating the systems necessary to start making deals?
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/199325/small_1704239129-avatar-ejourneyer.jpg?twic=v1/output=image&v=2)
6 May 2024 | 10 replies
It contains more detailed information on investing insights, analytics, and, particularly, investing in Las Vegas.Before proceeding, note that the charts only include properties that fit the following criteria unless stated otherwise.Type: Single-familyConfiguration: 1,000 SF to 3,000 SF, 2+ bedrooms, 2+ baths, 2+ garages, minimum lot size is 3,000 SF, one or two stories.Price range: $320,000 to $475,000Location: All zip codes marked in green below have one or more of our client’s investment properties (click to enlarge).Overall Las Vegas Real Estate Market InventoryThe chart below, provided by the MLS, includes all property types and price ranges.The inventory level continued its downward trajectory, significantly lower YoY.Rental Market TrendsThe charts below are only relevant to the property profile that we target.Rentals - Median $/SF by Month$/SF showed a slight drop MoM, which is surprising considering the decreasing rental inventory and time to rent.
![](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2776363/small_1687527272-avatar-elenas61.jpg?twic=v1/output=image&v=2)
6 May 2024 | 8 replies
We have about 30 units right now.