Be Prepared! Making an offer on Multi-Family real estate

Before you get started with a multifamily purchase, it is a good idea to do your homework…. You don’t want surprises. Research the location of the purchase to find out how much rent you will receive? Find out how hot the rental market is in the area you are considering. Will there be multiple buyers competing for the property? If so, think about your tolerance and strategize with your realtor. Ask your realtor for a market analysis of the property. This will help you determine the most you should pay. Always have an inspection of the property to be aware of any deficiencies. Read more