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The Florida Relocation Guide

208 members • Free

multifamily

244 members • Free

3 contributions to multifamily
🔍 What I Look for When Scouting New Multifamily Deals
Out riding around KC today looking at a few multifamily properties—some listed, some off-market. Figured I’d share my thought process when doing these site visits. Even when a property doesn’t have full financials yet, I’m still asking key questions like: 📍Is this submarket worth betting on? 📈 Will the area support a solid 3–7 year business plan? 🏢 And if the numbers do check out later… is the asset itself even worth it? When I say financials, I’m referring to: • A T12 (Trailing 12-month P&L) • A Rent Roll You need both to underwrite properly. But let’s say you’re just driving by and can’t get inside yet — here’s what I’m scanning for from the exterior: • Roof condition (look for patches, sagging, wear) • Foundation cracks or uneven settling • Windows (broken seals, dry caulk, fogged glass) • Siding quality (damaged, outdated, missing pieces) • Gutters and drainage • HVAC units (old, missing, rusted?) • Landscaping (clean or neglected?) • Parking lot condition (potholes, striping, etc.) Even without access to the interior, you can gather a TON from just walking the exterior with a critical eye. Last thought: "If you’re just now starting to look for a deal… you’re probably already 6–9 months behind." @Chris Jackson Keep the deal funnel moving even when you’re not actively buying. Keep brokers engaged. Give feedback. Stay in the flow.
🔍 What I Look for When Scouting New Multifamily Deals
1 like • Mar 27
Good points, thanks for sharing!
What would you like to see here in this group that you feel is missing other groups or other platforms?
I’d like to offer over the top value and I’m curious what people are looking for, you can either answer the questions here below in the pole or just comment.
Poll
8 members have voted
2 likes • Sep '24
I think your predictions are very valuable, getting your perspective as a seasoned operator and opinion on where we are actually at in the market cycle is helpful.
September 11 Flight and Happy Birthday Krista Testani
Get on a plane on September 11 God bless America And happy birthday to an awesome business partner she’s like a sister
September 11 Flight and Happy Birthday Krista Testani
2 likes • Sep '24
Safe Travels & Happy Birthday Krista!
1-3 of 3
Nick Grisanti
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15points to level up
@nick-grisanti-5280
Multifamily Investor / Florida Realtor®️

Active 21d ago
Joined Sep 9, 2024
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