A couple in North Carolina have a multi-unit property

that they're considering purchasing,

and they brought it to me and asked me

to help them evaluate it and think about it.

So in today's episode of Ask Coach,

you're gonna hear me give them some feedback.

And we're getting started right now.

Hello and welcome to the Ask Coach edition of the Coach Carson podcast.

This is a show all about investing in real estate so you can achieve financial independence and do more of what matters. In just a moment, I'm going to take you to a clip from a live

stream that I did in the past, but I want to tell you a little bit about what this question is all about. Basically, I'm going to take you to a clip from a live stream that I did in the past,

but I want to tell you a little bit about what this question is all about. Basically, I had somebody who emailed me some information and asked me to help them think through a deal. And I always give them a disclaimer up front that saying, you know, I don't know all the assumptions. I'm not looking at all the details. but I will tell you, I'll go through sort of a multi-layered analysis of the big picture of what I'm thinking about if I'm looking at a multi-unit deal. And so I do buy some multi-unit apartments. So what you'll see here is I'm going to give you some details about the deal and then start going through the deal with kind of what my thoughts are on that with them. But the big picture of what I'm looking at are both the qualitative parts of the deal. So like what the quality of it is and what it's

like to go there and also look kind of dig into the quantitative part of the deal. So the numbers.

And I just kind of touch on those as well. Obviously evaluating a deal is a lot more than I can

give you in a 10-minute episode,

but I hope you find this thought process helpful. And well, if you do, let me know and we'll try

to do more episodes just like this. So let's go right now to the live stream club. They are in

North Carolina. I think they're outside of Charlotte or somewhere near there. They have a 23-unit

property. They've been looking. I met them at a local meetup one time. And they found a property that was originally listed for just under 800 grand. It's 23 units and has now been reduced to $680,000. And just to put that in that, those numbers might seem too big for some people but just the most important thing

you want to look at here is what what is that per unit and it per unit that's just under 30,000

bucks per door or per apartment unit and and the other piece of information you want to know about

that is they the rent on those properties right now is about four hundred and twenty five dollars per

month so four twenty five per unit about thirty thousand25 per month. So $425 per unit, about $30,000 per unit cost.

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