All Forum Posts by: Ty Martell

Does anyone have insight/experience with Investing in Multifamily Properties in opportunity zones within California? I have a property that looks pretty good on paper (cash flow wise) but I am a little hesitant in moving forward as I don't know enough about Opportunity Zones to say i can actually get the market rent. I would appreciate input or being able to talk with someone. 

@Rick Trivedi & @Jim Stout, Hi Rick and Jim thank you for the insight. Seems like there is a lot of current and future potential with Lakeland.

Hello, 

Looking to invest in Multifamily property (triplex-4plex) in Lakeland, FL using a buy and hold strategy. are there people familiar with this area? is there a general area in Lakeland to stay away from? 

@Brandon Rush, @Michael Ablan, thank you both for the insight. it makes sense that it would be part of the Mortgage. This will give me a better idea on running the numbers as well.

Hello,

I am looking into buying a small Multifamily property (4Plex) for a buy and hold rental strategy and was curious what others did in regards to property taxes/home owners insurance. Do you have it as part of the mortgage or pay it separate?

@Rick Martin thank you for the reply. That is very helpful and a good way to make sure I don't overpay for a MF property.

Hi Kim and Steven, thank you for the reply. So it seems like they use a dual approach. What if the income approach comes up with a smaller or larger number compared to the sales comps?  Also in wanting to buy a multi-family property which valuation would you recommend to use to put an offer in?

When trying to determine the value of a multi-family property does that value come from the income the property producers regardless of how big or small the multi-family property is? for example, is the value of a 2-4 unit multi-family property based on how much income it producers or is it based on comps in the area? Also confirming that a 5+ unit rental value is based on Income it produces.

What is everyones take on buying a big vs small first time rental property. the goal would be for cash flow. Say you have a dedicated amount of money to invest and that can get you a few smaller unit rentals or you can buy a big (#) unit apartment building. assuming you did the math correct and had enough money to only invest in one strategy which route would you take. Big complex with lots of doors or a few smaller complexes. 

Does anyone have experience with investing in real estate by purchasing Tax Deeds in California? What liens stay with the purchase of the property?