Welcome to Multifamily Investing Fundamentals

Understand why multifamily is valued on income, how value-add business plans work, and what separates a strong sponsor from a weak one. Includes rent roll analysis, expense ratios, agency debt and the basics of syndication.

What you will be able to do

• Value a property using NOI and market cap rates
• Read a rent roll and T12 statement
• Evaluate a value-add business plan
• Understand syndication structures and sponsor alignment

How apartment buildings are valued, financed and operated — from 5 units to 200.