6.9 How to Find Multifamily Sales Comps

Obtaining multifamily sales comps are important for several reasons, and James gives an in depth explanation of the top three comps in this video.  You’ll learn why you need to obtain sales comps information for due diligence purposes such as determining what the market cap rate is as well as the area’s per unit cost.  You’ll also learn how sales comps will better prepare you for a negotiation, and how they are a needed piece of information when you’re preparing an investment prospectus.  After explaining the reasons why sales comps are important, James shows you how to quickly and easily find them for free via your county’s property appraiser website.

In this video you’ll learn:

• Why sales comps are needed in due diligence
• How sales comps help you determine the area’s per unit cost
• How sales comps help you determine the market cap rate
• How sales comps will help you prepare for a negotiation
• Why sales comps are needed when preparing an investment prospectus
• How to find multifamily sales comps for free via the property appraiser website