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Updated over 4 years ago on . Most recent reply
Analyzing a Portfolio
Hopefully this is the most appropriate forum for this topic. A couple looking to retire wants to unload a large portion of their portfolio. This consists of 25 units which includes some duplexes, a parcel with a permanent structure and several mobile homes, several properties under land contract, several vacant properties which need reno or have recently been reno'd, with the remainder (60%) in good shape but all rented well below market value.
I have a great deal of experience costing and analyzing large multi-family and mixed use buildings but those were all one building. I've done large condo projects which were separate buildings but the properties were uniform.
I have a potential buyer lined up to wholesale if I decide to go that route, but I am not sure the most appropriate route to take in analyzing this deal. Any guidance or advice would be much appreciated.
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#2 Land & New Construction Contributor
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Originally posted by @Ryan Freet:
Hopefully this is the most appropriate forum for this topic. A couple looking to retire wants to unload a large portion of their portfolio. This consists of 25 units which includes some duplexes, a parcel with a permanent structure and several mobile homes, several properties under land contract, several vacant properties which need reno or have recently been reno'd, with the remainder (60%) in good shape but all rented well below market value.
I have a great deal of experience costing and analyzing large multi-family and mixed use buildings but those were all one building. I've done large condo projects which were separate buildings but the properties were uniform.
I have a potential buyer lined up to wholesale if I decide to go that route, but I am not sure the most appropriate route to take in analyzing this deal. Any guidance or advice would be much appreciated.
The only way to properly and accurately value a mixed bag like this is per property. NOI valuation of the entire portfolio could be very misleading and not representative of the market value of each unit.