Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 7 years ago,
Question about 24 unit building in Houston
Hi guys, my partner and I have submitted an offer on a Class C, 100% occupied building. 1969 built. Roofs done in 2003.
The NOI shown to us (without insurance) was $125k.
The asking price is market. We figured about 45k/door? Pretty centrally located. The numbers work well using a 55% expense ratio (although expenses shown for last year are about 30%).
Any suggestions on how to price for the LOI?