Multifamily Buy Box
Units: 40-150 UNITS
Built: After 1988+
Class: A, B, C+
Occupancy: Minimum 75%
Cap Rate: 5%-8%
THE BELOW LIST IS OF BENEFIT, BUT NOT REQUIRED:
- Arizona, Florida, and Texas markets preferred; Will do North Carolina and South Carolina
- Creative Deals (SubTo and Seller Finance)
- Value Add Opportunities
- Landlord Friendly States
***UPDATED FINANCIALS ARE A MUST FOR UNDERWRITING***
Purchase Price
OM - Offering Memorandum - Presentation of the property with everything you need to know.
T12 - Trailing Financials - The most recent 12 months of income and expenses.
P&L - Profit and Loss Statement - The past 12 months of profits and losses.
Rent Roll - Rental Data for the past 12 months.
Cashflow Analysis for past 6 months - "check register" of cash to the bank.
**Must be direct to seller or broker
NO 3% buyer fee's
Is the seller willing to seller finance?
Is there an assumable loan? If so, what are the terms of the loan?
What is the market cap rate?
What is the age of the property?