Hey Jon would recommend checking out FB groups if you aren't local (looks like you're based in the Bay).

desktop or ??

Purley asset-based lenders are most likely going to be hard money lenders whose rates are typically going to be much higher.

It would still be based on the revenue it produces.

Anyone have a cheat sheet or checklist for covering your ADU bases?

Based on the data I saw from ABOR the median price YoY (2023 to 2024) was slightly up (around 2%) and the rent was flat to slightly down.

This is anecdotal information based upon the interviews I’ve had with operators across the country.

Typically, the tax is based on the assessed fair market value of the property at the time of the transfer, even if it’s not a traditional sale.

We've never used percentage-based criteria, like the 70% Rule, for purchases.

I mainly want to ask if these assumptions are reasonable and if there's anything I haven't considered:(1) multifamily units in NJ close to New York City, ~$1,000,000, 20% down payment, (2) Using the following assumptions: 4% appreciation rate, 6.5% interest rate and 5.0% refinance after 5 years, $10,000 yearly maintenance fee(3) ~$6,000 monthly rental and assume 3% increase yearly with 5% vacancy rate(4) Based on the above, the calculated IRR if selling at the 10th year is ~19% (considering tax benefits) and ~17% (without tax benefits).