Hello-  I am an experienced landlord with a rental house in DC and now am considering purchasing a second single-family or multi-family in LA area.  I would like to discuss some scenarios with an experienced, professi...

Some do 1% of the gross sales price and have a minimum, other's try to charge multiple points or a large flat fee.

Im selling a small condominium as FSBO with online service for a flat fee.

I'm closing in on a deal on a 4-flat in Chicago and am wondering if anyone has had recent appraisals and can tell me what GRM the appraiser has used in their income approach.

We've identified one we like - it's a pretty standard 2 flat. 

If there are not two separate entrances to each unit, ask the listing agent if it is a legal 2-flat or if there is a non-conforming unit/some other situation. 

This will give you a good idea of what you’ll run into if you decide to invest somewhere.Seeing houses in that price range on the MLS means you won’t have a hard time finding deals where you can meet or beat the 1% rule, especially off market.3 - Flat Population CurveI want you in markets where the population is neither growing or declining.

And knowing you're getting a good purchase price is kind of baked in to being happy with the IRR.

So I think you should buy a property in LA, force some appreciation right off the bat with a light renovation, let more appreciation bake in over a few years, and then grow the portfolio from there.

I currently work as a financial analyst at a large tech company and I just bought my first house hack-- a four flat in Belmont Cragin.