GRM is pricing a property based on a multiple of annual gross rents.10 plexes in an area are selling for 10 times gross. 10 units at 750 each 7500pm x 12 mo= $90,000 x 10grm = $900,000 value.

Did they cut a check for the whole amount or make multiple payments?

There are a few of ways.For one, you can look for owners that own multiple properties in one area.

No down is enticing, as is multiple units on one loan.

Andrew, I'm not Glen, I'll let him explain any difficulties he may have had.I believe many of the main issues have been addressed here, but I'll mention the key factors, but first address the multiple unit aspects.There are several branches of this N/P housing tree.

This depends, once you approach raising $500,000 from a group of multiple investors it is likely time to look at registering and creating a private placement.

Some residential LOs I know say New Penn Financial is a good lender for investors who have multiple mortgages.http://www.newpennfinancial.com/

I have also seen more fierce bidding wars for bank owned homes compared to last year Now I don't even DREAM of going in at asking price anymore everything is going above asking with multiple offers 100 percent of the time on the very good properties.

I am not experienced in multiple family properties and while I have been to Rochester last year I do not follow Rochester's market closely.I know of only one member, Mark Updegraff , I think i spelled his name right, who operates in Rochester .

I have several targets that I've focused on over the years and some of them show up multiple times on one property.