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All Forum Posts by: Casey Goldman

Casey Goldman has started 3 posts and replied 7 times.

Post: Current cap rates? Considering Sale of my 4-plex

Casey GoldmanPosted
  • Investor
  • San Francisco
  • Posts 8
  • Votes 1

@Joe Hazeltine I had a friend pull comps from Costar which is helpful, but I’m trying to figure out what to anchor around. Price per SF? Per unit? What other factors are key drivers I should consider?

Post: Current cap rates? Considering Sale of my 4-plex

Casey GoldmanPosted
  • Investor
  • San Francisco
  • Posts 8
  • Votes 1

I have a fully rented out 4-plex generating a solid return, but am looking into buying a primary residence in California and will need the money for a down payment. The amount of equity I have in the investment property is a big factor in whether or not I am ready to sell so I am trying to get an idea of what the market looks like right now for a small multifamily (4-plex) in downtown phoenix.

The property had gut rehab when I purchased 4 years ago and is modern and in great shape, and has been consistently fully rented out. Does anyone have an idea of what current cap rates look like?


Thank you!

Post: Help Choosing Insurance

Casey GoldmanPosted
  • Investor
  • San Francisco
  • Posts 8
  • Votes 1

@Anthony Lee The 4 unit is 2 duplexes on same property. Coverages are comparable between the two except those noted

My question is more about the insurer's themselves--all else equal

Post: Help Choosing Insurance

Casey GoldmanPosted
  • Investor
  • San Francisco
  • Posts 8
  • Votes 1

In the process of closing my first investment property (rehab-ed 4-plex in Phoenix, AZ)  and had a question about selecting insurance provider.

I am trying to decide between Farmer's ($1,779 premium, $2.5k deductible) and State Farm ($2,335 premium, $10k deductible)

Coverage differences--Farmer's is looking at it as 2 duplexes vs State Farm looking as one 4-unit. Farmer's replacement cost is $282k vs State Farm $344k. Other coverage is comparable (personal property, loss of rent, liability, etc.)

I'm thinking of going for the cheaper policy (Farmer's) but a friend advised that State Farm is better at paying out if needed--is this worth an additional 30% premium?

Thanks for your help!

Post: Another CA investor looking to invest in Phoenix

Casey GoldmanPosted
  • Investor
  • San Francisco
  • Posts 8
  • Votes 1

@Denny Robert 2-4 plex with good location, okay cap rate

Post: Another CA investor looking to invest in Phoenix

Casey GoldmanPosted
  • Investor
  • San Francisco
  • Posts 8
  • Votes 1

@Mark Nolan Thanks, I already read a couple of them ;)

Post: Another CA investor looking to invest in Phoenix

Casey GoldmanPosted
  • Investor
  • San Francisco
  • Posts 8
  • Votes 1

I am from San Francisco and the market around me is crazy. Now that I am commuting weekly to Phoenix for work I have started looking into a cash flowing investment property here in Phoenix. I'm new to Phoenix and REI and would love to connect, partner, and learn from you all.