August 24th, 9 a.m. - 3 p.m. Eastern ONLINE
Online Masterclass:
How to Evaluate Apartments and Multi-Families
BEFORE You Buy
with Ray Durbin
Ready to move up into larger rental properties?
You might have picked the right time: after years of ‘buying frenzy’ in the multi-family market, the chickens are coming home to roost.
Practically everyone who knows anything about apartment investing agrees that there will be opportunities over the next few years that we haven’t seen in a decade.
But before you dive in, you’d better know how to do the RIGHT evaluation and make the RIGHT offer on these big, potentially highly-profitable deals.
If you don’t know how to crunch the numbers, FIND the numbers, or forecast realistic FUTURE numbers, you won’t get the deals, partners, or financing you need.
So we’re devoting a day to that crucial first step of analyzing apartment deals with Ray Durbin, a real-life apartment investor who evaluates dozens of properties every year.
In one day, you’ll learn all about:
- Why trying to use “comps” doesn’t work, and what does
- The important numbers you’ll need to collect on a building in order to calculate its current and future value
- Why you shouldn’t just believe the figures the broker or owner gives you, and how to collect the RIGHT data when they’re missing or clearly exaggerated
- How to figure out important-but-squishy numbers like vacancy rate, reserves, and management costs
- How to apply a “cap rate” to the income to get the value of the property (and what that cap rate should be)
- The difference between a “pro forma” analysis (that’s what it COULD BE when the building is repositioned) and an “as is” analysis (what it is now, and what lenders are interested in)—you need to be able to do both to evaluate a property fully
- The numbers that drive the value (and that BANKS look at to decide how much they’ll lend you!), like DSCR and TIMMUR
- How to QUICKLY analyze a lead to see if it’s even worth following up on
When you’re done, you’ll know how to competently analyze any apartment lead you see, whether it’s a 4-family or a 1,000-unit building—and that’s guaranteed.
If you end the day less than 100% convinced that you can do this, just tell us, and we’ll refund your (already cheap) tuition.
Can’t attend live on Zoom? No problem—all registrants get a downloadable copy of the class and the forms for your real estate library.
Members pay just $47; non-members pay $97 through August 22nd; after that, it’s $67 for members and $127 for nonmembers*, and of course FREE for Express Success Members!
Register below and learn how to analyze deals fast and right!
* (Non-members, you can join HERE for $25 a month, save $50 on this workshop and all of our future workshops, and take advantage of ALL of COREE’s amazing education, focus groups, and deal-making opportunities each month…and you can quit anytime).