All Forum Posts by: Michael Wintermyer

@Gwyeth Smith Thank you! I have just been creating a word document to highlight some of these metrics for a market but creating an spreadsheet would be more effective and efficient. 

Do you compare these metrics across each market or against certain criteria you want them to meet (ex. looking for markets with ____% population growth)?

I'm curious to see what source types have provided the most value in terms of information/data when determining which market to invest in for multifamily investors of any level. As a new investor, it has become apparent that finding the right market is crucial and should be one of the first things determined in order to be successful. What types of information/data would you suggest to look for in order to determine the market good or bad and then what sources provide the best avenue to find that information. 

I am actually in the middle of reading that book now! I am new to real estate investing and look forward to networking and discuss/learn!

-Michael

I am in the beginning stages of learning about real estate investing and educating myself. One subject/topic that I am currently focusing on is analyzing a property--specifically rental properties. I have a basic understanding of ARV and how to calculate it but am looking for advise on adjusting comps to the subject property.

How can you determine the amount to increase or decrease for different features that differ from the subject property?

For example:

Lets say the subject property is for sale for $150,000 and has 3 beds/4 baths. A comp property sold for $160,000 and has 5 beds/4 baths. How do you calculate the amount to decrease from the comp property for the extra 2 bedrooms? 

This is just a simple example and other features can become even more difficult to determine so what are some of  the best ways to figure out the numbers in order to be as precise as possible?

Any advice is appreciated!

-Michael