There is also the work involved bringing that 6 unit up to date doing the rehab to get it into shape so you can rent out units with relative ease and compete in the market place.

Looks like you might learn more in the "related discussions."

Then again, in the short time it can take to flip a house,relatively speaking, appreciation could be negligible in either market.

not really, the rules related to Private Placements are actually "EXEMPTIONS" from those rules.

I don't know if a really good listor works as hard for 20-30% less, but referrals are common and I'm in a relatively strong sellers market now.

If they are all over the place o elusive or non-committal I do not spend 10 seconds with them.If you are shadowing a top producer they should be giving you tools and processes they use to generate business and close deals related to your niche.

Her analysis is more conservative than mine, but relatively similar.Just wondering if sharing this information is standard, or optional.

You buy it to park your cash in a safe place that has high appreciation and high demand for rent.That being said, send me a PM and I can get you a $500k apartment that will cashflow around $1300/month after CC/Tax and before debt service and a relatively strong growth rate over time.

The assessor's website probably says that the land is worth 40k and the building is worth 120k for a total of 160k.You know that 40k represents the land and 120k represents the building.40k/160k = 25% of your cost is related to land120k/160k = 75% of your cost is related to landThat is how you can apply the assessor's ratio to determine how much you should depreciate.A different method is to get comps of improved/unimproved lots to determine what the land price is apart from the building.

I am a relatively new member to the BP forum as well and am also age 23, located in Ohio.