How To Analyze Multifamily Deals Without a PhD in Math
Original posted by Chiagozie Fawole on Dec 03, 2020 on biggerpockets.com
Close to five years ago, I was an anesthesiology resident in Brooklyn, New York, enamored by the prospects of investing in real estate. My first deal was underway 300 miles away in Norfolk, Virginia. Like they said on TV, it was “time to find another house to flip.”
This round, however, I would go after multifamily properties. I didn’t have loose cash lying around, but I had learned to analyze deals. I decided to find a deal that would allow me to raise capital, give my investors a decent return, and generate enough profit to keep me interested.