Multifamily Analysis: Checklist of Items You Need From the Seller

There are several things you need to consider when approaching a multifamily deal, but before you begin you need to do your research on the local market.

This means that you should know:

  • Average rental prices,
  • Price per door of the comps in the area of other multi family deals (size, age, neighbourhood, class of asset)
  • Size of the job market,
  • Local rental laws (eg rent control) and
  • Projections for job growth in local services.

Once you’ve confirmed you’re buying in the right market, and you have identified a potential deal, ask the seller for (click here)