All Forum Posts by: Account Closed

Adam, even if we read this offer as "up to $1500 off first month AND additional $500 off if leased by 9/25" then that only totals $2,000 off but the minimum rent is $2360 so there is no 1 or 2 months discount.  AND it is only on select units!  Wonder which ones those are or if this is just a bait and switch. 

Perhaps you saw on the news Mountain View dealing with all the techies living in their RV's along the public streets. 

I did look in the Sunday paper but it seems the large apartment complexes don't advertise there. 

Also the first month free is more of a marketing tactic that a statement on the market conditions. 

I appreciate you following up on this. 

So you didn't learn the first time.  But see, you still can't explain your own statement.  That is the problem.

Investors don't BUY cap rates. Scammers SELL cap rates. 

Why would a buyer target a cap rate? 

And now they have money to burn?  What if they throw your stuff out and don't pay for the new stuff coming in or the contractors that install?

What if they break up a month later and try to take the new stuff with them? 

Even with a contract I think this could be made into a court battle if things go sour. 

Are you going to store your old carpet and blinds?

Had they been perfect tenants I would still only consider this if I was close to replacing anyway.

I thought you were married? 

It only measures what the market is paying for NOI.

$10,000 NOI in a 5% cap rate market is worth $200,000.

$10,000 NOI in a 10% cap rate market is worth $100,000.

See, that DOES NOT tell you which property is more profitable!

It is used in the commercial world to value properties by their NOI and the market cap rate.

There is NO reliable source for cap rate comps for SFR's. So if you are buying at 8% how would you know that you did not grossly overpay since other properties sold at 12% caps?

Sales comps are easy for SFR so you would just use the more accurate method of valuation, direct sales comparison.

OMG, since when? 

There are no cap rates on multi-family (2-4 unit) properties.  Better to use direct sales comparison to value.

What financials do you need?  You should know market rents, expenses, values etc.  

Then all you need is maintenance schedule of roofs, HVAC, etc. and all that would be confirmed thru inspections.

Don't kill the Golden Goose!

Why not cash out refi and convert $450 of your cash flow into $100,000 for another investment?