All Forum Posts by: Sam Shah

The reason why I'm looking for 8.5 cap rate is because that's the average I've seen from recently sold commercial properties in my area. And the way I found that out is by putting my comp sci background to use.. :)

Here's a screenshot of what I did in less than 15 minutes of work, but it helps a ton. Even though I understand that looking at comps for cap rate is not the only think I should be doing. But it at least helps me to understand the average rates in the area as a starting point.

Not sure if you can clearly see or not but basically it lists recently sold commercial properties and their cap rate in my area.

Thanks everyone for your advise!

Thank you everyone for this quick response. I understand that since it's a commercial property, NOI will play a huge role in determining the value. However, I still wanted to know what cap rate I should be targeting for my area. That's what I'm trying to do.

When looking at recently sold commercial property, I see various property sizes (some bigger than 23 and some smaller), some bigger in sqft and some smaller. I was just trying to understand what parameters should I consider when trying to figure out an average cap rate which I can then compare to the deal I'm looking at.

Hope that clears things up.

I really appreciate all of you taking the time out to reply to my post. The power of BP is great!!!

When trying to evaluate a 23 unit apt unit deal, how do I check for comps? I'm checking loopnet recently sold history around the area. Do I simply just look at recently sold multi and check their cap rate? Is there anything else I should compare as well?

Hi Guys, I'm looking to get into apartment investing and since I'm from Poughkeepsie, NY I'm looking to get started locally. Just wanted to touch base here with people who are possibly already doing this or involved in this area somehow. I would love to meet up in person and share idea/thoughts.

If someone can also make any suggestions/recommendations about commercial mortgage broker that I should start talking to, that'd be great as well.

Thanks

That's strange. I'm using Chrome. I even tried Firefox and IE. When I search for something, I see the part that says there are about 14k results but on the right hand side all I see is blank white screen. First I thought that perhaps some plugin I might have is blocking it but I tried in Internet Explorer too and I get the same thing.

It works fine on mobile browser though. Weird. 

Anyway, thanks @Roy N. for confirming.

Is it me or is the search function on top right completely broken? I tried different browsers but I get the same thing.

Can you elaborate on what you mean by answering live? What exact behavior are you looking for?

Cordell, you should make sure your contact information is very easy to find. Usually on the top right corner, the first thing you should highlight is your number, email, etc. Links to any testimonial, twitter or facebook links to your pages if you have them would be nice to have as well. Testimonial with pictures will be more useful then just text. You should also have a contact us page where someone can easily reach you if they have any questions. Hope that helps.

Hi Stephen, a typical web application can range anywhere from $10k to $100k+. It all depends on what it's doing and how complex it is. There will also be a big difference in developing a MVP vs fully featured web product that is production quality and ready to handle not only hundreds of thousands but millions of of simultaneous users. 

I'd be happy to chat further if you'd like. I am not only a real estate investor but also a seasoned IT professional. I also design web applications for my select few clients.