Buying it based on the pro forma NOI would take away from the value-add strategy because you're essentially paying the seller for the work that you will do and for the increased NOI that you will generate.If you find a multifamily property where the current NOI is not at full capacity and you increase the NOI, then the value is determined by applying the area's average cap rate to your new NOI. 

Many see these as red flags, assuming they will slow down the deal, increase costs, or cause endless headaches.

I’m brand new to real estate and trying to learn as much as I can.

. - a channel where you control the lead gen process start to finish and can leverage your credibility, leverage your brand, etc to stand out. 

I recommend you do this annually to adjust for utility increases and other variables.

page=LoadVirtualDoc&BookmarkID=6536) that capped annual increases to the Taxable Value of a property to the lower of 5% or Michigan's Cost of Living increase.

We have seen a few of these deals in the Reno and Tahoe, NV area, although they are becoming increasingly rare.

.- Listed Median Price: The listed median price increased by $75, a 2.78% increase, from $2,700 to $2,775.- Units Leased: The number of units leased increased by 9, a 6.67% increase, from 135 to 144.- Sold Median Price: The sold median price increased by $75, a 2.68% increase, from $2,800 to $2,875.A slight decrease in units listed indicates a minor reduction in supply year over year, while an increase in units leased suggests a rise in demand.

What I do to overcome these scenarios as follows:- Calculate rent estimates from Zillow, Redfin & RentApp & find the average- For sales comp, I usually increase the radius way more than 0.5 mile.

With limited time I have in US, I have some financial targets to meet, one being scale and increase my net worth.