All Forum Posts by: Jason Fay

Hi Darrin,

Thanks for the thoughtful response.  I appreciate the feedback.  Things are a lot different in Seattle.

Jason  

Hi,

I have around 500k for a downpayment on 1 or many multifamily buildings and cannot find the required rates of return that I need in my area (seattle). Does anyone have guidance or experience win the cincinnati, OH market. Areas that make sense? Things to avoid? The NOI and cap seem much higher. Any guidance would be appreciated. I not looking for a project more something to diversify myself.

Thanks,

thanks for the great feedback.  This is my first deal and the cap rates seem so low.  Currently working on a 12 plex with 3br 2ba units in south king county and seller wants it to trade at mid to low 5's on cap.  I think it should be 6 due to seller neglect on building.  Thanks again for the great insight !!!

Does anyone have an idea on what fair cap rate is in seattle?  Everything in my area seems so low.  Also is it common for seller to want 10% earnest money held back after feasibility test?