Lucas Mills
My thoughts (and confusion) on capital expenditures
I've posted about this before but I don't feel that a reasonable and sufficient conclusion was ever reached, at least not on my part.I have not yet done any deals. I currently work 8-5, have about 30k in the bank, and...
Jason Jenkins
How does one evaluate vacant commercial properties?
Bill Gulley,
How does one go about evaluating a vacant commercial property?
Patrick Philip
How to determine value of a commercial property w/ no list price?
I have found several commercial property websites. Many of the properties have no list price. They are relying on me to make the first offer. How do I determine how much I can offer?I can assume that I should estimate...
Robert Martinez
Deal Analysis for 8 Unit Townhouses
Alright guys, so I introduced myself a couple of weeks back and have connected with several of you because I am just getting started. Well I am officially connecting with brokers and trying to build my lead funnel. I ...
Eric Rosiello
Cape Cod Rental Strategy
Hello,I am evaluating the purchase of a property in South Chatham, Massachusetts. The property is a single-family, 4 bed / 3 bath, ~2400 sq ft, and is in excellent condition. The closest beach is a 5 minute drive and ...
Eric Robert
1031 Rules with Duplex in Los Angeles
Im looking into selling my duplex and using the 1031 Exchange to purchase a property that brings in greater cash flow. DetailsMortgage - $350,000Appraisal - $550,000With this information I could roll the $200,000 "pro...
Cynthia Dixon
Purchasing multifamily in area where assessments are falling
I am considering purchasing a 11 unit. The building seems solid with a great rental history and solid tenants. My only concern is the person is asking for a little more than the assessed value of the property, wh...
Frank Fiore Jr
Property Value for Cap Rate
Cap Rate is basically determining your return if you paid all cash for the property. Correct?
My question is how do you determine Property Price, is this the final "sale price" or do you include repairs, clos...
Adriano B.
Need BP input on CAP rate for Multi-Family Deal in Miami
Does anyone know what CAP rate would be considered low, average, high for a Class C multi-family property in Miami?I am being offered an urban three unit portfolio with 26 units at a 6.1% CAP rate. Is this reasonable?
Jeff O'Neal
Broker Pro-Forma vs Income Statements
I’m currently under contract on a 16-unit apartment complex. The broker’s pro-forma showed NOI of $51K, however, when I dug into the income statements, actual NOI was only $36K. I called the broker, and she explained ...