All Forum Posts by: Sam Waddell

Does anyone know which site/resource offers the best prime interest rate projections? I am looking at financing proposal with a 5-year fixed rate that will change according to the prevailing prime rate at the end of that period. Does anyone have any advice regarding this type of financing for multifamily investments? Thanks.

Several. Any rate I get is based on the seller's NOI and the list price, which doesn't help me in my analysis.

I am having trouble getting brokers in my area to provide a cap rate for the applicable market (i.e., a rate based on comparable sales in the area). Instead, the brokers provide a rate based on the seller's estimated and likely inflated NOI divided by the listing price. In my analysis, I want to divide my calculated NOI by the applicable market cap rate to get my offer price. Has anyone else experienced a similar issue? If so, what are some possible solutions? Also, is there a better or different way to analyze properties?

I am looking for recommendations on the best training resources for multifamily investors. I have several books, but I am interested in other resources such as training videos. Does anyone have experience with Ken McElroy's "Kenflix"?

I want to build a strong multifamily investment portfolio. I am based out of northeast Arkansas, but I am interested in properties throughout the state, as well as in Memphis and northern MS. I would love to network with any investors involved in those areas. My initial obstacles in my area have been the inability to acquire thorough rent rolls and the applicable cap rate for the particular market. I am analyzing properties based on the 5-step evaluation method from Ken McElroy's The ABCs of Real Estate Investing. In that book, McElroy says that a broker can provide the cap rate, which is based on comparable sales in the area. However, this has not been the case in my area. Any cap rate provided to me is simply based on the seller's estimated NOI divided by the list price. Ultimately, I want to use my calculations for the NOI and divide that number by the market cap rate to get my offer price. So my dilemma is that the 5-step method is not holding up. If anyone has any insight regarding cap rate, I would love to hear it. Another area I would like to learn more about is financing options with low, or no, down payment. I am also interested in educational training videos. Does anyone have any recommendations? I have looked into Ken McElroy's Kenflix, but I don't want to spend the money unless it is worth it. I would appreciate any insight you have to offer. Thanks.