Apartment & Multifamily Investing Basics

While a great many real estate investors are enjoying the benefits of single family rental property ownership, there are excellent reasons to look at concentrating their investments in apartment & multifamily properties.

I’ve just posted a tutorial on apartment & multifamily investing, cash flow components and the way in which lenders address mortgage decisions in apartment & multifamily financing. Check out the apartment & multifamily investing tutorial here.

More on This Site About Basic Investing & Landlording

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Apartment & Multifamily Investing Basics originally appeared on About.com Real Estate Business on Wednesday, February 17th, 2010 at 09:42:43.

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Property Search
How to do a property search. How to find information on any property: who owns the home and balances of mortgage loans. Finding specific details of property. Public records search, MLS search, property information and tax records. Ordering free property profiles.

Short Sale Loans
Doing short sales when two loans are secured to the property. How to handle dual short sale mortgage loans. Negotiating with first- and second-position lenders for short sales.

Property Deeds
Real property deeds are used to transfer title. What are Warranty Deeds, Grant Deeds and Quitclaim Deeds. What makes them valid? Do they need to be notarized? Legal instruments used to transfer title to real estate.

Residential Appraisals
A successful home buying transaction depends quite a bit on getting a positive appraisal for the property. If you’re paying cash for the house, the appraisal must only meet your approval, but if you’re getting a loan, your lender will make sure that all aspects of the appraisal meet its requirements. Here are some of the appraisal results your lender will consider before granting the loan.

Making an Offer on a Home
When you buy a home you cannot assume the home sellers agree with your ideas of what stays with the property and what goes with them. You must include the details with your offer to purchase, where they become a signed agreement of the contract.

Disclosures & Material Facts
Homebuyers are entitled to seller disclosures and to hear all material facts. As a home seller, what do you need to disclose? Are deaths on the property required disclosures? Do you need to disclose recent repairs?

Comparative Market Analysis
Definition of comparative market analysis (CMA) and how to interpret a CMA. Explanation of elements in a comparative market analysis. Understanding comparable sale numbers. Adjusting for variances between non-similar homes and the subject property.

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