Jul 25, 2021
You don’t want to make a large
mistake when buying a large multifamily property, but many
investors will not hire a qualified apartment inspector or engineer
to uncover any physical problems on the asset. Problems like a
blocked or broken sewer line; or old electrical panels that won’t
trip and will have the potential to spark a fire; or how many older
HVAC units must be replaced in the next 2-3 years. These costly
problems will destroy your estimated operating budget. Bryan Amos
gives you examples on what you can expect when calculating a
budget.
To contact Bryan Amos: BryanAmos@theomnigroup.com
Are you interested in learning more about how Multifamily
Syndications work? Please visit www.spiadvisory.com to learn more
about Michael Becker’s Real Estate Syndication business with SPI
Advisory LLC.
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