I n Lesson 7, we are going to talk about the Critical Property Variables with regard to evaluating a property. You will need your calculator for this lesson .

We will be reviewing the Property Analysis excel worksheet, so you will want to pull up that worksheet at this point so it is available as we progress through this lesson.

This worksheet is the same one My team and I use with every deal that we analyze.

As you will see, this particular worksheet is designed for the multifamily and mixed-use properties.

As I have mentioned in previous lessons, we are focusing on Multifamily Apartment and Mixed-Use properties as these two categories illustrate the most logical path for new and less experienced real estate investors to use to break into the commercial real estate market.

N ow, let's look at the Property Analysis worksheet and follow along as we add specific information we look for and input as we go along.

A t the top left portion of the sheet, you will see the property address , the city in which the property is in, and typically the number of units in this apartment building.

J ust to the right of that, we have what is called an “ Asking Price ” or “ Value ” that relates to a purchase or a refinance, respectively. Just to clarify, the “Asking Price” is related to Purchase transaction, and a “Value” is relates to a Refinance transaction.