All Forum Posts by: Marie Murphy

Thanks Troy!

What number do you use to underwrite development deals on a PSF basis?  I am looking for cost PSF to build 400 or so units in Northern California, NOT Bay Area.  I can't find any solid numbers.  Any ideas on where to look?

Hi Raj.  It is not.  It is in the Sacramento Metro area.  Happy to provide you more info.  Best, Marie

I have purchased, rehabbed, and stabilized a portfolio of properties in Sacramento.  The rents are solid.  Low maintenance and management required.  Mix of smaller apartment building and 2-3 unit properties.  GREAT opportunity for an investor looking for a turnkey buy and hold package.  $1.55m total for  16 door purchase.  (I am an agent (CalBRE #01412942) but this is an off market package of my own properties.)  I am selling in order to move up to do a larger deal.  

Hi Matt.  I have a few ideas for you.  PM me and we can discuss.  

Hi Bony.  I have a great accounting team that might be a good fit for you.  PM me and I will send you their contact information.  

Hi Oron,  You have a lot on your plate to consider when looking at investing in the US Market.  I sent you a private message.  Happy to discuss some of the benefits and risks of a foreigner investing the United States real estate market.

I am seeking equity investor on a 24 unit stabilization.  Investor paid 15% interest only monthly and a 30% profit share.  Contact me for executive summary.  Property will be master leased and entire rental payment will come from supportive housing agency.  Investment timeframe 12 months.  

yes.  we bill all our tenants for the owner paid water/sewer/garbage bill.  

Looking for some direction. I have an opportunity in a strong Southern California beach city. My TD loan partners are interested because of the length of the project (14 months.) Any ideas on where to look for funding for this one? TIA

PP: $850k

Build Costs: $900k

ARV: $2.4m total (Two Townhomes at $1.2m each)