All Forum Posts by: La'Terrius Campbell

@John Swann Thanks for the reply! That helped a ton, notes taken!

@Justin Moy Do you call local appraisers or mortgage brokers to figure the cap rate? What all ways can you find the local cap rate?

@Kevin Dougherty How do you get a pro forma cap rate on a vacant multifamily?

How do you get a cap rate from a pro forma, I hear a lot of investors telling me that, since the property is vacant and has no income at the moment.

Purchase Price: $140k

Renovations: $220k

Number of Units: 7

Each Unit Could Rent for: $750

Gross Income: $63k

NOI: $45,450

How could I get a round about cap rate?

@Mike Hern Okay, thank you. So, go to the courthouse website?

@Ray Hage Thanks for the reply sir! How would I get the cap rate from the pro forma? Would I divide the NOI from the expected purchase price plus renovation cost combined? How would I get the future value to divide the NOI by? That's the only thing I'm lost on.

@Joshua Michael Hauman Thanks, this helped me a lot! I figured up the pro forma NOI, how would I figure the expected sell price to get the pro forma cap rate? Is it the expected sell price when the property is completely renovated?

@John Swann That made perfect sense John! Thank you for the response. I got my pro forma NOI, should I call local appraisers and local brokers to see what cap rate they are using for multi-families? Or can I just figure out one on my own?

How do I figure out a Cap Rate on a vacant multi family considering it doesn’t have any income at that moment, but could rent out 750 a unit and it has 7 units?

How do you all figure out which bank owns a property, I skip trace on prop-stream and it doesn’t show. What’s the best way to figure out which bank owns a specific property?