For newbie investors, picking out a multifamily investment property can be challenging. Unlike a personal home, commercial property is meant for consumers, so it can be hard to know what to gauge for.
Will they prefer a full bathroom or Quarter bathroom?
Do they want a property in the busy area of the city or a quiet suburb?
These are some of the questions you will have but can’t answer.
However, the first step to identifying your ideal property is to define your target tenants. Knowing the type of tenants you want will reduce your investment property wish list to only the best options.
For example, if you want white-collar workers as tenants, you have to purchase a matching multifamily property. White-collar professionals with good credit and financial stability are likely to rent an apartment in prime areas.

These apartments are well furnished and located in a secure environment with good amenities.
In multifamily real estate investment, properties are classified based on age, location, condition, and amenities. Like the school grading system, multifamily properties have a letter grade from an A to a D. The letter grade signifies the class of the property and suggests the features.
This article will walk you through the property classes and offer investment advice for each category. Read on to learn.

ABOUT AUTHOR

Dr Meetu Bhatnagar, CCIM is an author, investor, entrepreneur, influencer, and philanthropist who is passionate about real estate, making difference in other’s life and giving back to the community. She is founder of “Wealth Evolution Club” a community for doctors, medical professionals, Engineers, CEO’s, and other highly qualified elite professionals. Her Podcast “Wealth Evolution Club Podcast” mission is to inspire people to “Evolve from Rich to Wealthy”. She is also President of “JMD Acquisitions”. JMD Acquisitions is focused on real estate acquisitions, Asset Management, and global business. She is also a Certified Commercial Real Estate Professional licensed in Texas and own “JMD Realty”. She has full business experience from acquisition, to holding, managing and disposition. She started her career in Medical Research and as an Associate Professor. After consultation for few years, she pursued her passion to be an Entrepreneur. Her team did acquisition of a Pre-School licensed for 200 kids and successfully turned it around. They implemented the same strategy as in any acquisition. They did acquisition of a value-add opportunity, upgraded the building, bring in better Coaching Programs/Books, new vehicles, furniture, and better systems that significantly increased their revenue. She along with her husband started investing in real estate in 2010. Currently, they have invested in about $80+ Millions worth of assets. My current portfolio as GP is of $ 40+ million in DFW metroplex. She got various awards in real estate and MGF Women of the Year in 2019.She is extremely passionate about real estate investments and continuously looking forward to connecting with more and more like-minded individuals who share similar passion.

TAG(s)

Multifamily Investment,Asset Clasification,Amenities,Property,Investment advice