All Forum Posts by: Ross Richards

I have been looking at small multi-family properties near where I live (Ashburn, VA) and they are starting in the one million dollar range. My question is: How do you determine the value of a multi-family property? I understand for commercial real estate it is based on comparable ROI's in the surrounding areas, but for small multi family properties that allow for "conventional" loans, do the same evaluations take place? Should I expect an asking price of $1.05m to be accurate? What should I be looking at to determine if this is a deal or a bust?

I have contacted a couple of realtors in my area, but they say that all of the properties available are only small family units or condos and townhouses. I was just wondering if there was a specific strategy or method that I should employ to be able to discover the multi family homes for sale. Or maybe, if there are any available, they are all off-market?

I currently live in a relatively expensive area to purchase property (Ashburn, VA and surrounding areas). While I want to start with a multi family property in order to capitalize on the rent paying for my mortgage, I find it extremely difficult to find duplexes, triplexes, etc. in my area. In this instance, would the BRRRR method be more appropriate?

Hello, I am currently researching to purchase my first investment property while I raise capital/credit and change jobs.

I currently live in Dulles, VA, and I have been trying to use Redfin, Zillow, and other sites to search for multi family properties to do a owner-occupied purchase. However, the only things that come up are single unit condos/apartments and townhouses. I was wondering if there was a different directory/database that I should be looking for? Or is it just that there are no dulexes, triplexes, etc. available around me?