All Forum Posts by: Dan Laseria

I know this thread is several months old, but thought I would check in anyway. I was curious if any of you were aware of what the going MF CAP rates are in Greensboro, or Winston-Salem? Thanks, Dan

Anyone experienced in C class investments? I am looking into a 4-Plex in a C class community with 11-12%CAP Rate. The CAP rates factor in property management fees and a projected 40% expense figure. The community has a medium/high crime rate and is not in the best part of town. Curious as to what challenges a situation like this may present an investor working through a property manager. Should I factor in a vacancy rate above 5% owing to potential turnover? Any other challenges I should be thinking about. My objective is cash flow and rapid mortgage payoff. Thanks!

Anyone experienced in C class investments? I am looking into a 4-Plex in a C class community with 11-12%CAP Rate. The CAP rates factor in property management fees and a projected 40% expense figure. The community has a medium/high crime rate and is not in the best part of town. Curious as to what challenges a situation like this may present an investor working through a property manager. Should I factor in a vacancy rate above 5% owing to potential turnover? Any other challenges I should be thinking about. My objective is cash flow and rapid mortgage payoff. Thanks!

Rich, My apologies for the delay. Didn’t know that anyone had responded to my post. It really helps to receive feedback from others in the business. A 8% CAP Rate and o/a 11/12 % seems to be the best I can find in the area. I’m in discussion with several sellers and will continue looking. By the way, how can one best find off-market deals? Thanks, Dan

Curious as to what cap rates and CoC returns most investors are coming across in today's market. I'm looking to invest in a MF property (4 units or less) in NC and have found that the best one can do (using MLS) in C-type properties is approximately 8% CAP and +/- 11% CoC return.

What are your thoughts?  Are these average returns and do you think the only way to find better returns is via wholesalers and/or off-market?

I've been searching MLS, Craigslist, Trulia, Realtor.com, etc for several weeks and these rates at the best I can find. Thinking about settling on one of the properties, but wanted to know if I should continue searching.

Thanks in advance,