Multi-Family and Apartment Investing
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Creative Real Estate Financing
presented by
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 5 years ago on . Most recent reply
Living in a multi family property
How do you determine asking price when purchasing a multi family property that you will live in. Example 4 Plex.
Most Popular Reply
Todd Dexheimer
#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
- 3,666
- Votes |
- 3,022
- Posts
Todd Dexheimer#2 Multi-Family and Apartment Investing Contributor
#2 Multi-Family and Apartment Investing Contributor
- Rental Property Investor
- St. Paul, MN
Same way as you determine the price for a multifamily you will not live in. You will not get money for the unit you live in, but put the market rent that you could get in your model. Also, be sure to add in repair expenses, property management, reserves, etc, as if you where not living there.
Eventually you will want to move out and if it doesn't make money, you will be stuck.