All Forum Posts by: Tim Cooper

Andrew thanks for the response. Most of these items are know by me...what I am not familiar with is how to find the vacancy rates in a certain market. If I knew how to do that I would feel much better about the asking price as the NOI / P&L make sense to me. I guess I am really just trying to confirm vacancy rates and rent rates for an area. Am I going to be stuck calling around the are to ask for rent rates on other facilities or is there a better way?

I am leaning towards purchasing a 12 unit 1b/1b unit which would be my first multi-family property. I have a significant single family portfolio so I'm not new to real estate investing.

My question is: How do you value a multi-family property and/or evaluate the asking price?

More specifically the property I am looking to acquire has a very poor P&L and/or tax returns as the owner passed away and his wife neglected the property for several years which means occupancy was down. They hired a property manager who has the facility 100% occupied to date in 2020. The valuation is based off of the NOI and CAP rate which is fairly standard. The real problem for me is it is only a (1) year history....

any insight / thoughts are appreciated.

Greg, thanks for the link, this helps clarify things quite a bit.

Adrian,

this seems like a great resource, thanks for offering it up. I think this is a great spot to invest and really think it can be very beneficial to the right type of investors.

Basit, I appreciate the response. It is my understanding of these properties that you don't necessarily have to improve them? If you are saying that is the case what is the ratio that is defined by tax law of purchase price to renovation or better yet percentage of spend that has to be allocated to rehab? 

I have a decent capital gain I am looking to hedge the taxes on by investing in an opportunity zone. Does anyone have experience or thoughts? I am looking at storage facilities or multi-family but I am not very familiar with storage and how to evaluate a good deal?

Do most review CAP rate and NOI similar to single or multi-family?