California Rookie

[Justin Campiotti]

Hello all,

I was so excited to join BP, I skipped the step where I introduce myself went straight to asking questions. So I'm backtracking and wanted to introduce myself. I am from the Central Valley area of California (Stockton, Modesto, Merced, etc) and getting my feet wet in real estate. I'd love to eventually get into multi family and commercial properties. The fact that you can increase the value of the properties exponentially by increasing NOI is quite motivating.

Really excited about all the information on BP, and I love the podcasts. Thats how I found the site.

Looking forward to learning from everyone here, and sharing what I know too.

Thanks,

Justin

[Justin Campiotti]

@Joshua McGinnis

If there is one thing that will get me motivated and moving, its a direct correlation between my hard work, and my profits!

I wasn't talking about increasing rents specifically, but instead was referring to the valuation of a multi family (5+) property. They are not valued off of comps (at least in my limited experience), but instead are based off of the income they generate. Therefore, a $1,000 increase in Net Operating Income (raising rents, lowering expenses, etc) can potentially increase the value of the property by $10,000 depending on the cap rate.