Selling A Multi Unit Residential. How To Start?
Can anyone tell me what docs you would need to see when buying an occupied multi unit (7 units)residential.
I have a listing and so far my plan is to create NOI sheet and extend it to show taxable income or loss and cash flow before taxes. From there I will pull the cap rate and GRM.
Any input much appreciated
I would find the broker that is the god/goddess of the 7-plex market.
alchemysyr said "I have a listing and so far my plan is..." ? You sound as if you are a RE broker. If so, this must be your first multi-unit listing. Talk to your broker in charge and/or find and talk to the (licensed?) property manager of the building. Get rent rolls and data per rglover548 post. Your brokerage should have a process for listing multi-unit property, right?
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On 2009-06-23 16:49, alchemysyr wrote:
Can anyone tell me what docs you would need to see when buying an occupied multi unit (7 units)residential.
I have a listing and so far my plan is to create NOI sheet and extend it to show taxable income or loss and cash flow before taxes. From there I will pull the cap rate and GRM.
Any input much appreciated
alchemysyr, where is this property? can you share the numbers? some of us might be interested
what I meant by "I would find the broker that is the god/goddess of the 7-plex market"... is find the BEST broker that know the small MFH market.
A SFR broker would be as good, nor a broker sell 200+ unit complexes to REITs.
I have found an excellent source for finding all the necessary forms for doing 7 unit apartment complexes. Ask the computer. Take each question and ask it. You will find a whole lot of information.
good luck/1
Marian Thomas
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