Modeling

The numbers matter. It takes about 1 day when starting out to model one apartment, now takes 1 hour.

<aside> 💡 Price/unit for quick maths

</aside>

Offering Memorandum

Not available for off-market deals.

Finding comparable properties sale and rent price in last 6 months

• [ ] Median Rent
• [ ] Median Sales/unit
• If value add apartments,
  • Have the owners already started renovating, then use updated rental comparable
  • Use Rentometer/apartments.com for other apartments in the neighborhood with similar amenities/age

Debt

• [ ] Interest rate. Stabilized 2-4%, bridge loans 4-6%, hard money 8%+
• [ ] Floating (Libor) or fixed
• [ ] Length
• [ ] Amortization
• [ ] How long is the loan?

Current Debt on Building

• [ ] Assumable? Good if low interest rate