If I wanted to do a cash-out refi at 70% LTV, how do they value the apt complex? Is it NOI/ Cap Rate? Or do the banks find the valuation a different way?For example: The purchase price of the apartment was $1.7Mil 5 y...
I am currently a landlord on 8 single family homes in Atlanta and am starting to do some research to take it up a notch and try and acquire an apartment complex, after finding some other investors. Although I now hav...
Hi everyone in the Houston area. My name is Ryan Terwilliger I am a Realtor and have buyers looking for a B complex, occupied with no repairs. They are open to the number of doors, more importantly they want to start ...
I recently put under contract a 20-unit motel in rural Tennessee with the intention of converting the units to studio apartments. The fix ups (that I know of) include adding kitchen efficiencies to each, replacing ca...
There is a HUD apartment for sale that has great numbers. The reason the numbers are so great is because the HUD program is only in contract to pay 60% or so of tenets rent for another year or so. That means the ban...
Hello all,
First time posting here. We are not first time home buyers but have three single family homes ( rental) properties in California but want to buy our first apartment complex out of state for generating ca...
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $240,000
Cash invested: $50,000
Contributors:
Jesse Marinez,
Chris Levarek
Current pro...
Hi all,Looking at 10-unit in Lakewood, WA, basically surrounded by the military base. Split is seven 2/1s and three 1/1s. Current rents gross to about $6k/mo, which seems way under market. Could likely get $8800-$1...
Hey all, interesting opportunity came up for me as a co-host. I typically host single family homes, but have been asked to potentially host an apartment complex of 22 units. How would you handle the pricing for these?...