by Matt H | Aug 4, 2019 | Multi-family - Due Diligence
Getting your offer accepted after making best and final is an exciting time. Now the real work begins. As a multifamily investor myself, I know how exciting this can be for you and your team. At this stage, you have attorney fees, inspection fees, travel expenses,...
by Matt H | Feb 28, 2019 | Multi-family - Due Diligence
What to Look For with Older Class C Properties Class C properties are popular amongst multifamily investors. These older properties normally have a value add component and can be very profitability with the right repositioning strategy. Class C properties are...
by Matt H | Jan 17, 2019 | Multi-family - Due Diligence
Multi-Family Insurance Coverage for your Investment Property As you know, multi-family dwellings are different than many traditional properties. Multifamily dwellings often include shared kitchens, multiple bathrooms, and bedrooms that have walls in-between them. You...
by Matt H | Jan 5, 2019 | Multi-family - Due Diligence
Low-flow Toilets Can Have Corrosive Consequences on Older Properties. Federal law requires that toilets manufactured after January 1st of 1994 must be low-flow and use no more than 1.6 gallons of water per flush. Earlier toilets used 3 – 5 gallons per flush....
by Matt H | Jan 3, 2019 | Multi-family - Due Diligence
If you are buying a complex built prior to 1973 it will more than likely have cast iron waste lines. Cast iron pipes often have internal corrosion that results in leaking and clogging, or cracks that cause leaking within the units. Soil PH and corrosive chemicals and...
by Matt H | Dec 28, 2018 | Multi-family - Due Diligence
If you are looking at complexes built in the 1980’s or earlier there are some panels to be on the lookout for. These panels include Federal Pacific Electric (FPE), Zinsco, split bus panels and any systems with fuses. Not only are these panel brands a potential fire...
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