What is the best way to assess buy & hold and fix & flip markets for multifamily.

Looking for distressed properties that can be purchased significantly below market value in markets where jobs and population is trending upward.
In Market Conditions - Asked by Ben R. - Jun 5, 2010
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ds l.
Owner/Investor
Westport, WA

The property has to be able to generate a positive cash flow (breakeven at worst) after fixing it up. Buy with the idea of holding it for a minimum of 6 months, and these costs have to be calculated into the purchase price. I have developed an analysis spreadsheet to address all of these cost. it does mean that as an investor you will only be able to buy successfully about 1% of the properties you consider.
DS Lunsford of DS Lunsford & Associates
I can be reached at dslunsf@msn.com

Jun 9, 2010
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