Income and expenses for a multifamily property can be accurately estimated by considering various factors. These include potential rental income, vacancy rates, operating expenses such as maintenance, insurance, and property taxes, and capital expenditures for improvements and repairs. It's also important to factor in acquisition costs, mortgage expenses, and your preferred exit strategy. Using a comprehensive spreadsheet can help you walk through every aspect of the deal and make the most calculated decision.
Real estate can be a great addition to an investment portfolio. But as with any investment, it has t...
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