Sylvia B.
Cap rates make no sense
I've read this article by Sergio Altomare - How to Calculate Cap Rate (& Where Many People Get It Wrong) several times and there is something that just doesn't make sense to me. These basic formulas do make sense:...
Neil Quinn
Modeling expenses & capex, best ways to estimate?
Hi all,I'm looking at buying a primary residence with a goal of renting it out when I leave the area. This is a high COL area though (DC/NoVA), so trying to get a rough sense of how much negative cashflow I'd have wh...
Julie Toh
Rising rents attracting investors in Vancouver
Article from the Canadian Real Estate Mag dated Oct 26, 2015High demand coupled with a lack of inventory. Sound familiar? That combination is not just the domain of the residential housing market, but also the multi-r...
Daniel Frye
Underwriting Changes on Multifamily Properties - San Diego
Hello all,I am underwriting an acquisition of an apartment portfolio in San Diego. It is a unique opportunity to purchase from a distressed seller with almost all units completely renovated. In a normal world, this wo...
Thomas Burns
Rentals on Long Island
Hello all,Does anyone have any experience with buy and hold on Long Island? I am trying to gauge how fast rentals move on the island.Thanks!
Michael Calderaro
Laundry Room Issues - How commissions are paid to your property
Greetings Gentle Readers!Today's topic is one that is of some concern to multifamily apartment owners currently in a laundry lease or thinking about signing a laundry lease."Commissions" is a colloquial term used by l...
John Tan
future interest rate increase would reduce multi-unit price?
I wonder if future rate increases would decrease multi-unit price?Since multi-units are priced based on CAP rates, they will be interest rate sensitive. Ie buying a multi-unit at 10% CAP makes sense in a 3% treasury-...
Stephen Dispensa
Solution to this Market: Don't Look for Deals. Make Them
Last week I walked into a potential single-family investment for a client of mine in St Petersburg. It was a smaller home, 875 square feet, 2 bedrooms, 1 bath. Recently remodeled. The seller was asking $329k for it. I...
Account Closed
Will $1100 rents work in Little Village?
So there are a couple of cool things that'll be happening to Little Village.http://chicago.curbed.com/2017/3/15/14935330/chica...El Paseo Trail2nd class Restaurants being put into 26th Street (Panda Express)Apart from...
Alvin Joseph
HOW TO FINANCE THE CONSTRUCTION COST FOR BUILDING A 30-STOREY APARTMENT?
Hi all,I'm currently having a project of building a 30-storey apartment in Tangerang, Indonesia. We owned the land already (around 70,000 sq ft), but having trouble finding local banks financing our ($30 million) cons...