Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Buying & Selling Real Estate
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago on . Most recent reply

User Stats

143
Posts
51
Votes
Ryan Lee
  • Investor
  • Bowie, MD
51
Votes |
143
Posts

How do you appraise an apartment building?

Ryan Lee
  • Investor
  • Bowie, MD
Posted

So there is an apartment building I am trying to appraised but I need some assistance. Its 2 buildings attach to each other but has 2 separate address. 

The bottom floor is a restaurant and its spans the entire area of both buildings A & B. 

Building A has

1 apt  on floor 1

1 apt on floor 2

Building B has

1 apt floor 1

1  apartment that spans across building A&B floor 2

1 apartment that spans across building A&B floor 3

so there is a total of 6 units, How do i figure out whats it really worth?

Most Popular Reply

User Stats

74
Posts
48
Votes
Paolo Agostinelli
  • Investor
  • Pittsburgh, PA
48
Votes |
74
Posts
Paolo Agostinelli
  • Investor
  • Pittsburgh, PA
Replied

@Nicole Draper My business is not focused on wholesaling, but I know several wholesalers and I will say this. I would never make a reckless claim that I know what "most" wholesalers, or agents, or anyone else are doing out there. Nor would I claim to say what was or was not legal without knowing what the laws are in every state, and how individuals are operating in all of those different operating environments. So, I don't. I know, and more importantly, some of the very best real estate attorneys in my state define a process that is 100% aligned with the law. The fact is that each state has different laws and defines legal contractual rights of all parties. So, if an experienced real estate attorney in a specific state defines a process for their clients that allows them to "wholesale" (contract assignment, specifically, is illegal in PA, so no one I know does that specifically), then unless something changes materially in my state and everyone I know is operating under those rules, then all of the noise by those who may have self serving interests to cry foul out there does not matter to me because I know that those who follow those processes are acting well within their legal rights. (Long sentence, I know. My dinner is getting cold.)

  • Paolo Agostinelli
  • Loading replies...