According to the latest data, annual asking rents for apartments across the nation increased by 10 basis points, bringing the average growth rate to 1.2%.

The appreciation rate is far above national average and consistent for buy and hold.

Also, I have my general contractors license and make my living as a commercial senior construction project manager remodeling multi-family buildings and hotels nationally. 

I started as an agent while I was in the Army National guard and specialized in working with the veteran community.

So the state does not matter for non-local companies.These 3 BiggerPockets experts each run a national cost seg firm:  @Bernard Reisz, @Yonah Weiss, @Julio Gonzalez.

I am shocked that an increase could come at this scale YOY and am considering deploying the capital elsewhere to prevent any future loss on valuation.Have any other owners in CO or nationally experienced a massive increase like this in 2024?

So, we obtaina full credit report and review collections, chargeoffs, age of credit accounts, active accounts, etc.to build an overall credit evaluation.FICO ScorePct of PopulationDefault Probability800 or more13.00%1.00%750-79927.00%1.00%700-74918.00%4.40%650-69915.00%8.90%600-64912.00%15.80%550-5998.00%22.50%500-5495.00%28.40%Less than 4992.00%41.00%Source: Fair Isaac CompanyPublic RecordsWe also obtain data from national databases about evictions, convictions and sex-offender histories.

Hi Tony, Most national DSCR lenders can lend on properties with a maximum unit count of 10.

Additionally, national lenders like Chase and Wells Fargo have strong multi-family loan programs that cater to out-of-state investors.Scaling OwnershipGiven your available cash and equity, here are a few strategies to consider:Leverage Existing Equity: Utilize the equity in your current properties through a cash-out refinance or HELOC to increase your purchasing power.Partnering with Other Investors: Consider syndications or joint ventures, which can help you scale more quickly without using all your own capital.Diversify Markets: While the Midwest is great, keep an eye on emerging markets across the country that may offer similar benefits.Focus on Value-Add Opportunities: Look for properties where you can increase value through renovations or improved management.I specialize in selling new construction duplexes in downtown Indianapolis, and I’ve found that multi-family properties here provide strong returns.

It seems like when I took the national exam you were limited to a certain number of originations per year (like 5 or less).