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All Forum Posts by: Ryan Mertens

Ryan Mertens has started 4 posts and replied 57 times.

Post: Salt Lake City multifamily investors?

Ryan MertensPosted
  • Developer
  • Holladay
  • Posts 64
  • Votes 36

4.5% new construction/ commercial multi. 

5-5.5% b-c class duplex

Not a lot of value add available. if it's on the MLS be prepared to buy at these caps and needing to be the highest and best offered.

I ran your property on a rentometer comp and these are the current rental prices for your area.

24month look back, 1 mile radius,24 sample size.

4 bedroom house/duplex

$1,371 ±3%

MEDIAN

$1,363

25TH PERCENTILE

$1,222

75TH PERCENTILE

$1,520

Looks good to me based off of ask. gO FOR IT

Post: Property Management Agreement/Utah County

Ryan MertensPosted
  • Developer
  • Holladay
  • Posts 64
  • Votes 36

Who's the management company?

@Amy Kendallundefined

Is correct. Even a c class hole of a property won’t get you 1% right now, at least anything I would consider owning. Where is the property and what’s the bed bath count?

Post: Deal Analysis Check - Duplex - Salt Lake City

Ryan MertensPosted
  • Developer
  • Holladay
  • Posts 64
  • Votes 36

I don’t think your 18% for capX , maintenance and vacancy is realistic

@Cherie Orellana

Who is Paul with?

Contact info?

Post: My tenant buyout in San Francisco

Ryan MertensPosted
  • Developer
  • Holladay
  • Posts 64
  • Votes 36

@Diane G.

All jokes aside, congrats and congrats again on the equity.

Post: My tenant buyout in San Francisco

Ryan MertensPosted
  • Developer
  • Holladay
  • Posts 64
  • Votes 36

@Diane G.

Could have made him go swim with the fishies for a lot less. Just saying🤷🏻‍♂️🤷🏻‍♂️🤷🏻‍♂️

@Sandy Uhlmann

JC born and raised, currently in Salt Lake. What are you looking for specifically in the area?

Post: analyzing multi family apartment deal

Ryan MertensPosted
  • Developer
  • Holladay
  • Posts 64
  • Votes 36

@Praveen Gudimetla

Your English is a little rough but the best advice I can give you is to start listening to the majority of the BiggerPockets podcasts. You’ll find a plethora of answers to the majority of your questions within that area