I recently took out short term loans to purchase a rental property (reasons why are for another post). One loan will be repaid in three years, and the other in five years.The traditional CoC ROI doesn't seem to make s...
So this confused me a bit... I saw a listing for a 15-unit apartment building that is for sale and the property has a 5.3 cap rate, this isn't the issue.
The issue is in the listing description the agent said the bui...
Any Louisville investors investing in Shelby Park? It's an area I'm starting to research and just wondering if anyone has experience investing there? If so, what type of properties are you investing in and are you d...
Getting ready to put my first offer in for a 3 bed 1 bath C SFH in a B/B+ neighborhood. My spouse and investment partner are getting cold feet (probably just nerves with the first deal). I’ve run my own numbers and a...
Hi, I happened to see a multifamily property come up in my husband's old neighborhood. I find it intriguing for a couple of reasons and wanted some input on how you would go about evaluating a deal like this.It's esse...
Hi guys. I keep seeing to things and not sure what they mean. The phrase loan to value and cap rate. Can someone help? I searched for these terms and couldn't find them. Thanks,vera
BP - Doing some research on the BRRRR on 2-4 unit properties. My question is, when you request to refinance the property, what is the appraiser looking at when it comes to comps for a 2-4 unit property? Cap rate? or i...
I’m looking at an 8unit apartment building, 2bd/2ba each. Asking price is 359,000. Conservatively I’m assuming $550 per month rent. 1 unit is vacant. I expect about $80,000 in renovation costs. $439,000Rent $4,400Mort...
Can someone explain this to me. I feel like I’m getting something foundationally wrong.
From my understanding, a properties value is NOI/cap rate. Is this correct?
What I’m not understanding is, it seems like the hi...
I am looking at a 10 unit property that is listed for $350k, being advertised as a 10% CAP.I had the listing broker send me a T12 and actual expenses. He also sent me a pro forma. The pro forma has annual gross income...