This, however, changes not only from county to county but also by neighborhood, zip code, school district, etc.Another change we are witnessing in real-time is increased seller’s concessions, which can go towards financing closing costs or buying down the interest rate.

I specifically want to expand on Chris's point by discussing capital risk buckets, which help set a target return range for IRR.At my company, they are as follows:Core: Lowest risk, Class A product, in Central Business Districts, ranging from 7-10%+ levered IRR (since you're in development, I assume this is most of the asset class you handle).Core Plus: Still low risk, strong location with potential upside, 10-13% levered IRR.Value Add: Medium-high risk, Class B+ or B-, mediocre to strong location with operational or physical upside, 13-15% levered IRR.Opportunistic: Highest risk, major upside potential, varying locations, 15-20% levered IRR.As for the GP/LP split on promoted interest, GPs can choose an aggressive split, but the decision should be strategic and consider the preferences and risk tolerances of potential investors.

Hi,
I’m a newbie. A friend suggested setting the high school rating above 7 in the Redfin search engine, along with other filters, for my house search. This is to ensure I’m buying a property in a good neighborhood a...

I have had years to think about this having owned a nice slug of A class IE brand new construction in the best school district in the state. and over 300 C and D class with a sprinkling of B class.from Jackson MS to Detroit and many cities in between and on both coasts... 

I've been writing full-time for an online publication since 2022 and building my faculty book instead.

Currently we are renting in a city of Orange Co California, where the rent and property prices are higher, however we need to live here due to staying within the school district for my son for at least the next 4 years.Recently we sold some property overseas and have approximately USD $400K in cash.

Look at the school district--the higher rated the district, the better for holding value and stickiness of tenants, plus appreciation over time.Secondly, you'll want to make sure there is a net in-migration of working and professional folks to keep the local economy perking along.Good luck, keep investing and moving forward! 

Being able to transfer a license from one property to another in residential zoning districts will be a big issue in the future and there is a cap on the number of permits allowed in specific zoning areas.

A detached quad consisting of four one bed one bath units will cost significantly more than an infill quad consisting of four one bed one bath units etc..Lastly, there are very few zoning districts in Philadelphia that would allow for a 4 unit building to be constructed in Philadelphia on a parcel that is only 1,000 SF and from a practical standpoint the units will be quite small when you consider the need for open area and common halls/stairs.

The sort of situation where you think you're buying in a B neighborhood but it's more like a C/D.My simple advice would be to find a property in Saint Louis County school districts that have access to areas of the city where the most jobs are located.