Diving into the 88-unit deal with Dan Handford
In this episode with Dan Handford, we take a deep dive into the numbers of our first acquisition. This is a very technical episode so if you love numbers, or just want to learn more, listen in!
No two deals are ever the same, and that is what is really fun about real estate investing. Every deal is a new opportunity to learn, every day has its own space to be creative, every deal has its own story.
The numbers are an investor’s blueprint for success; they paint the best picture of what to expect. The more accurate the numbers, the better you will be able to predict an outcome. We hope we painted a picture for you of what the numbers looked like for this deal.
Besides the mortgage and the debt, the numbers also include items such as vacancy, taxes, insurance, property management fees, repairs & maintenance. In running the numbers on a multifamily property, it is important to account for every penny. However, more often than not, the pennies going out are more important than the ones coming in. It is extremely important to make sure you understand all of the numbers and account for all the costs.
Listen above or however you choose to listen to podcasts. There is so much to learn in multifamily investing, it is never-ending but always so valuable. Michael and I are always wanting to help and answer any questions along the way. Please do not hesitate to reach out.
Until next time….
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