What are your guys most important metrics when screening locations to invest in and why? (Especially multi family)
Just wondering ^
[{"id": "hw5v1fd", "text": "IRR", "replies": [{"id": "hw5zxbz", "text": "I\u2019ve heard the metric can be easily manipulated though is that true? And would you say equity multiple would be a better indicator?", "replies": [{"id": "hw61bz8", "text": "I\u2019m joking. Your question is so broad that it might take a novel to answer adequately.\n\nAnyways, every return metric can be manipulated. It\u2019s a function of how realistic your assumptions are. I like IRR better than equity multipliers because it accounts for the time value of money. \n\nAs for your original question, I wouldn\u2019t be too eager to buy multifamily in far off lands without your own management team. Residential property managers are notorious for sucking. Work is hard and the margins are slim.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}]