Underwriting is all about the numbers with a dash of common sense. The property that you are looking at will have a history of what current rents and expenses are and a story. One of the most important keys to a successful apartment deal is the purchase. You need to determine if it is a deal or not. The value of the property is based on the income that can come in and that’s it. Too often do we see people chase a deal, just to buy something or because it’s in a great area and they expect it to appreciate. When we see that, we wonder when that building will be coming back on market as a distressed asset for us or you to grab at bottom dollar and at a price that will work!
This podcast made possible by Trevor McGregor International. If you want to take your business and you life to the next level talk with Trevor at coachwithtrevor.com. Also, visit our friends at HomeInvest.com. If you’re looking for the best turnkey investing company or want a free investment strategy session visit homeinvest.com/pillars.

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John Stiles is a licensed MN real estate agent with Bridge Realty.
To learn more, check out John’s website: www.RealEstateStiles.com
You can also find John on YouTube: www.youtube.com/channel/UCgLtahYDXP8T-fEFJfBqHww