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5 Things You Should Never Do When Buying Multifamily Property

Buy Multifamily 1.  DO NOT–Buy the cheapest priced property (among the competition). Often times the cheapest asking prices are for a very good reason:  terrible condition, poor unit layouts, cut up/converted units (versus built-that-way traditional units), electrical heat (versus gas furnaces or boilers), bad financial condition (tenants don’t pay on time, etc). 2.  DO …

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InvestProp U: Confirm Rent Roll Income

Volume 1 Welcome to the first installment of InvestProp’s Minnesota Multifamily Monitor.  MMM will offer Minnesota apartment investors and owners real world buy and sell advice.  The Monitor will be published Monday of each week to be read in 5 minutes or less. Tip #1:  Always Confirm the Income in a Rent Roll. OK, …

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