Hello BP!
I just closed on my second 4plex in Emeryville this week, which is 75% occupied, and every unit is renting below market (~$250-$1500 less). This is the breakdown:
2 tenants on month to month leases ~$250-...
Hi you all. Passed my pre-licensing exam 3 days ago and now preparing for state and national exam. Im looking to join broker after that. Im in Baltimore near Rosedale. Need suggestion and advice which one is better on...
hey guys, i've been reading on these forums for over a year but never really posted. I figure its time to come out of the shadow. In parallel I've been learning about the general REI strategies out there.I have two r...
Hello,
In the 4/17/14 edition of the Wall Street Journal, this article by Sanette Tanaka appeared: The Education of the Luxury Buyer: Veteran high-end Homeowners approach the real-estate market differently t...
I recently had an appraisal on a potential home i'm seeking to buy.What is the diffracne between Sales Comparison Approach and Cost approach?When I buy a proporty should I pay for it acoording to the Sales Compariso...
Although formally educated in real estate the "real world" is showing me something different. My question is why are 2-4 unit property prices evaluated and appraised mostly off of comps and 5 unit plus selling pri...
For context, I am in the due diligence process of a quadplex in a C-class area. 2 bed/ 1 bath800 sq ftPP: $275kCap Rate: 7.5%This is my first attempt at BRRRRing a multifamily. Does anyone in the forum have past succe...
I want to put in an offer on two separate 4-plex buildings that are adjacent to each and owned by the same person, but on separate parcels.Will the appraiser value it on the income approach or the comp-based approach?...
Hello all,I am looking at adding value to multi-family projects with ADU's but I was curious how the values of the ADU's are appraised. I'm sure comps may be lacking in certain areas. Do appraisers value ADU's equal t...
I am house hacking a duplex that I purchased last year significantly below market due to it being poorly managed, and have since made some minor improvements that allows me to raise the rent to market value. I recentl...