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4 March 2024 | 0 replies
To calculate your land value, take into consideration the average price per square foot or acre of the comps and apply that to your land.Steps to apply comps to your property:1) Compile multiple comps: Find a real estate agent to help you put together a list of comparable properties.2) Make adjustments: Analyze each comp carefully to determine whether it has advantages or disadvantages when compared to your property and make adjustments to the value upwards or downwards as necessary.3) Determine the use of weighted average vs average: Depending on how close the comps are to your specific property; you may consider utilizing the weighted average method to place a greater weight on those properties that more closely resemble yours.Using comps to value your land can add a component of complexity and subjectivity.
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3 March 2024 | 12 replies
In Ohio, there is no distinction in licensure, so the commercial brokers that focus on retail, industrial, office, etc, and even large apartment complexes have the same exact license as the realtor repping buyers and sellers for single family homes.
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4 March 2024 | 22 replies
I'm looking into multifamily complexes and wholesaling, but Id love to connect with u and learn more about the passive side of real estate.
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4 March 2024 | 10 replies
I sold 3 of these just in the last 45 days alone with very complex underwriting and it takes time to understand it but same strategy.
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3 March 2024 | 5 replies
Hi @Keith Hoffman II,I am a Certified Public Accountant and a real estate investor/property manager with a 16-unit complex in Wheeling, WV (originally from NJ nearer to you).
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4 March 2024 | 18 replies
That complex is different from the ones around it.
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3 March 2024 | 2 replies
If you are hiring a GC that will be handling complex scopes of work, ask to visit one of their current projects.6.
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3 March 2024 | 7 replies
It adds a whole extra level of complexity and cost (especially since legal entities aren't eligible for conforming loans such as FHA).
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4 March 2024 | 34 replies
It sounds like you've got a complex situation with your small syndications.
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4 March 2024 | 30 replies
We have a large health complex here - Cleveland Clinic (largest employer in Cuyahoga County/North East Ohio), University Hospitals, MetroHealth Hospitals, etc.