All Forum Posts by: Account Closed

And to add to what Derek said, make sure the cap rates for those similar property types include the same (or very similar) income and expense categories. If the selection of a cap rate is done poorly, it could have a material impact on the calculated sales price.

I think you have a lot of options. If you want, give me call and I'll give you my two cents.

Find a church you can lease it to.

Hi! I am in search of a great property manager or property management company that could manage multifamily projects with 10+ units. Anyone have a recommendation? I am in Phoenix and would prefer someone local.

Oh, and does anybody have a recommendation for a great property manager or property management company? Of course, they would need to be local.

Thanks!

Hey everyone!

My name is Cameron Palmer and I am an appraiser here in the Phoenix market and I am fairly new to BP. I wanted get on this thread since it is specific to my geographical area. If I can answer any questions or be of any help, let me know. I see some great comments and help going on already in this thread and it is exciting to me.

@Tasha Mckoy here is post I just wrote this morning about the concept of cap rates (and developing them to provide a good indication for your property). Again, this is about the concept and relationship of cap rates, so if you have a specific question, please feel free to reach out.

http://beta.biggerpockets.com/blogs/5200/blog_post...

Labor/Payroll is an item I don't see on there, that I would include. For the properties we appraise, there is usually a General Administration category too (office expenses, etc). Turn over costs are typically a separate item from the R & M. Include the reserves - this varies greatly from project to project, but it does play into the NOI and thus your cap rate.

I am seeing a lot of rehabs using the vinyl wood planking here is Phoenix. Also, the outlets with the combo USB port are popular too. If you get the right grade, it lasts a long time and looks very nice.

Thank you @Brandon Turner for the suggestions. That will be my reading for today. I am very excited to get started. I'll jump on the keyword alerts too.