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All Forum Posts by: Ricardo Serrano

Ricardo Serrano has started 4 posts and replied 25 times.

Multi-Family and Apartment Investing

Post: CAP rates in Memphis, TN

Ricardo Serrano
Pro Member
Posted
  • Posts 25
  • Votes 22
Quote from @Dean Harris:

@Ricardo Serrano

Im happy to share the Memphis, TN Investment Zip code break down that I recorded a few weeks ago. Shoot me a PM and I am happy to share it with you. 


 Thanks Dean, truly enjoy your Youtube Channel that you host with Douglas Skipworth. Keep up the good work !!!

2 Votes
Memphis, Tennessee
Multi-Family and Apartment Investing

Post: CAP rates in Memphis, TN

Ricardo Serrano
Pro Member
Posted
  • Posts 25
  • Votes 22
Quote from @Ricardo Serrano:
Quote from @Andrew M.:

Hi Ricardo,


Can you please share the link to the zip code data from Crestcore?  I couldn’t find it in their website, but I do like their zip code videos on YouTube. 

Thank you. 


https://www.google.com/maps/d/u/0/viewer?mid=1VIwxsAULYIeu-r...

 This link is now not available to the public, but i believe if you request to CrestCore they will send it to you. I just saw Dean Harris, the cohost of the program indicating that he can send it directly. Blessings !!!

2 Votes
Memphis, Tennessee
Multi-Family and Apartment Investing

Post: CAP rates in Memphis, TN

Ricardo Serrano
Pro Member
Posted
  • Posts 25
  • Votes 22
Quote from @Gino Barbaro:

@Ricardo Serrano

There are cap variations from city block to city block. I would only focus on cap rates for larger assets. The smaller assets I would value based on comps. If you connect with any knowledgable realtors, they should be able to tell you valuations. I would also try to get my hands on as many OMs to see what assets are trading for.

Gino


Thanks Gino, i'm looking at a 16-unit multifamily apartments with a CAP rate of 3.5, which is not typical in Memphis; apparently, this CAP rate was used to justify the current valuation. Yes, it is true that those vary from block to block. I'm looking to other comps to place it accordingly. Blessings !!!

1 Vote
Memphis, Tennessee
Multi-Family and Apartment Investing

Post: CAP rates in Memphis, TN

Ricardo Serrano
Pro Member
Posted
  • Posts 25
  • Votes 22
Quote from @Andrew M.:

Hi Ricardo,


Can you please share the link to the zip code data from Crestcore?  I couldn’t find it in their website, but I do like their zip code videos on YouTube. 

Thank you. 


https://www.google.com/maps/d/u/0/viewer?mid=1VIwxsAULYIeu-r...
1 Vote
Memphis, Tennessee
Multi-Family and Apartment Investing

Post: CAP rates in Memphis, TN

Ricardo Serrano
Pro Member
Posted
  • Posts 25
  • Votes 22
Quote from @Jordan Ray:
Quote from @Ricardo Serrano:

CrestCore has produced an awesome interactive website ranking the zip codes in Memphis. Is there similar information on Multi-family CAP rates on either zip codes or known areas in Memphis? I'm assumming that there are CAP variations within the City. Blessings !!!

Each property is going to have its variables throughout the city. These areas are very street-by-street and property-by-property. I am 100% a believer that each deal needs its own analysis. Now of course, you can look at the face value of some properties and pass it pretty easy, but I wouldn't pass on each deal this way. Best of luck investing!


 Thanks Jordan !!!

1 Vote
Memphis, Tennessee
Multi-Family and Apartment Investing

Post: CAP rates in Memphis, TN

Ricardo Serrano
Pro Member
Posted
  • Posts 25
  • Votes 22

CrestCore has produced an awesome interactive website ranking the zip codes in Memphis. Is there similar information on Multi-family CAP rates on either zip codes or known areas in Memphis? I'm assumming that there are CAP variations within the City. Blessings !!!

3 Votes
Memphis, Tennessee
Multi-Family and Apartment Investing

Post: Rational to consider when entering a new market in multifamily

Ricardo Serrano
Pro Member
Posted
  • Posts 25
  • Votes 22

@Jake Brooks Thanks Jake, i will contact you if we get deals in Louisville. Blessings !!!

0 Votes
Real Estate Events & Meetups

Post: Beers & Deals Meetup | San Diego Real Estate Investing Networking Event

Ricardo Serrano
Pro Member
Posted
  • Posts 25
  • Votes 22

@Rich Somers

awesome, see you there Rich, i live in the Tierrasanta area - San Diego ...

0 Votes
San Diego, California
Multi-Family and Apartment Investing

Post: Rational to consider when entering a new market in multifamily

Ricardo Serrano
Pro Member
Posted
  • Posts 25
  • Votes 22

@Dimitrius Kiritsis

that is great, thanks Dimitrius, due diligence is the name of the game. Blessings !!!

1 Vote
Multi-Family and Apartment Investing

Post: Market Selection for MF investment

Ricardo Serrano
Pro Member
Posted
  • Posts 25
  • Votes 22

@Arn Cenedella

Arn, thanks so much, this is really helpful for us starting in the multifamily investments. After market selection (1-3), my next task 

is to segment those markets to avoid troubled areas. Keep educating us. Blessings !!!

0 Votes
Greenville, South Carolina