In the paid community "Commercial Deal Academy" there was a post about duplex, triplex, etc. How to evaluate properties such as these when they come up in your search. From an investment perspective, I would not evaluate a duplex, triplex, or fourplex like a single-family rental. There are really two different ways to look at these properties: For financing and appraisal - 1–4 units are residential. - Lenders often use residential loan programs. - Appraisers may rely heavily on comparable sales (especially for duplexes and fourplexes). For investing Treat them like small multifamily assets because their value to you comes from the income they produce, not just what similar properties sold for. For example: - Single-family home - Purchase: $300,000 - Rent: $2,000/month - You care about neighborhood appreciation, resale value, school district, and comparable sales. - Fourplex - Purchase: $600,000 - Rent: $6,000/month - You care about occupancy, operating expenses, NOI, cash flow, DSCR, and return on investment. The fact that a fourplex is legally “residential” doesn’t change how an investor should analyze it. Scott's approach, because it's the broker in me..... I use both methods: 1. Check comparable sales to avoid overpaying relative to the market. 2. Underwrite the income to determine whether it actually meets my investment criteria. If the numbers don’t work, I don’t buy it—even if the price is below comparable sales. Conversely, a property that’s priced above nearby comps might still be attractive if it has exceptional income or can be improved to increase its income. For someone building a rental portfolio, the income analysis should drive the decision, while comparable sales serve as a reality check on the purchase price. That’s the mindset that also prepares you for larger multifamily and commercial acquisitions. ...this took forever to write...I'm done...I think the GIF is stupid funny......who is with me....made you look

I recently came across an off-market 15-unit multifamily opportunity close to Ann Arbor, MI and would appreciate the community’s thoughts. Here’s what I know so far: - 15 units - Preliminary Underwriting (My Assumptions) - Estimated NOI: ~$79,943 - Estimated Cap Rate at Asking Price: 9.41% - Estimated Value: ~$999,000 using an 8% cap rate - Assumptions: - $850 average monthly rent - 5% vacancy - 45% expense ratio  Here’s where I’d appreciate some guidance. The broker had me sign an NDA, but the seller is insisting on receiving an LOI before releasing the rent roll, T-12, unit mix, occupancy information, and details on deferred maintenance or CapEx. I understand every seller has their own process, but I’m curious how those of you with more experience would handle this. - Would you submit an LOI based on limited information? - How would you structure the LOI to protect yourself? - What contingencies would you include? - Have you run into this before? If the deal continues to make sense, I’d like to pursue it. I’m flexible on how it’s structured—whether that’s an assignment, buyer representation, or another approach that makes sense for everyone involved. One of the reasons I joined this community was to connect with people who enjoy putting commercial deals together. If this is something you’d like to discuss or potentially work on together, I’d love to connect. Thanks in advance for your thoughts! — Scott

This looks solid. Evaluated under 60 seconds. Thank you @Tamala Jones Great Job Cap Rate Check $397,615 ÷ $2,990,000 = 13.3% ✅ (matches OM) Revenue (from OM) ≈ $903,287 Margin $397K ÷ $903K ≈ 44% margin (solid for economy hotel) DSCR + Yield (THIS IS THE PLAY) Assume conservative debt: Loan = $717,600 Debt service ≈ $60,000/year (safe estimate) ⸻ DSCR $397,615 ÷ $60,000 = 6.6 DSCR 👉 This is VERY strong (lenders love anything over 1.25) ⸻ Yield on Recorded Price $397,615 ÷ $1,345,500 = 29.5% yield 👉 This is where you win — not the cap rate, the yield on structure

I have two off-market single-family deals available. Looking to connect with serious cash buyers. DM for details. 📍 Deal #1 – Earlsboro, OK706 S Layton Ave, Earlsboro, OK 74840 🛏 3 Bed / 🛁 1 Bath📐 1,162 Sq Ft📅 Built: 1962 💰 Price: $50,000🔨 Rehab: ~$45,000📈 ARV: ~$140k–$150k • HVAC• Warm air heating / Window unit cooling• Frame siding / Composition roof Great value-add opportunity with solid upside. 📍 Deal #2 – Chicago, IL532 N Drake Ave, Chicago, IL 🛏 2 Bed / 🛁 1 Bath📐 1,038 Sq Ft🌳 Lot: 0.09 acre📅 Built: 1908🚪 Vacant 💰 Price: $140,000🔨 Rehab: ~$50,000📈 ARV: ~$270k–$280k 📸 Photos:https://drive.google.com/drive/folders/1F7hYl071a_t18zj9cRspVWpNIKfNOjY6 📊 CMA:https://services.leadconnectorhq.com/documents/download/iE2gmjzI8UfAx6tyfq46 Strong flip or rental opportunity in a high-demand area. 📲 Serious buyers only – DM if interested or if you’re actively buying in these markets.

I was privileged to attend Paul’s presentation of The Commercial Cashflow Blueprint at the “In Person Workshop” hosted by The Denmarks! First, KUDOS to Paul for an outstanding presentation which had all eyes focused on Paul’s clear, concise, and straightforward information. For me, Yesterday’s presentation was the proverbial “made my head crack open” presentation. As many of you are aware, I am the primary caregiver for family member with a serious illness. Time wise I have struggled to stay in step with the information we are privileged to access. Yesterday, Paul laid it out, answered questions from the attendees repeatedly, and “CRACK” went my brain and clarity stepped in. Undoubtedly, the most important session I’ve ever attended…anywhere! I am grateful. Thank you, Paul And thanks to The Denmarks!