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07-09-2008, 12:03 PM #1
Renter
- Join Date
- Jul 2008
- Location
- Los Angeles, CA
- Posts
- 5
Advice on Evaluating Multi-Family Units
How do you project earnings for a multi-unit apartment building in an area with declining population?
Recently I have been looking at several properties in the areas surrounding Detroit. The properties and pro-forma numbers for the properties are adding up well. The main difficulty comes when looking at the population numbers of the surrounding areas. The numbers are declining, not at any alarming rate, but steadily.
How can I be sure of the continuing value and productivity of the property? Is there any way to reassure myself in a situation of this type? Any further research or questions I can ask?
Any and all suggestions would be greatly appreciated.
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07-24-2008, 05:56 AM #2
Home Owner
- Join Date
- Apr 2008
- Posts
- 563
I have to agree with that..well I'm no expert with this however I'll just give you my insights..1st you should tell to your friends about your business..if they are not interested. tell to your friends to pass the information to their friends..2nd try to talk to the locals in that area..ask them how much are they paying for their rent..then do some sales talk..3rd do the SEO thing..try jump2top.com it will help you alot..
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