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I'm looking at a 9 unit building.
All one bedroom units
Monthly rent is $7450 annually $89,400
Building age 46 +/- 1
Cap rate 5.22%
Asking price $989,505
How do you use the rental price to get to a building value?
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As I virtually drive through inside the DMZ area of Detroit I see a lot of larger brick apartment buildings boarded up, and looking rentable as (Affordable housing /Housing Choice Voucher Program/Section 8) if they we...
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Looking for recommendations for a multi-family specific web site company. Looking for a website that will work with our management software (Rent Manager) and want online applications ...
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The building in OH we're looking at needs renovation and is currently vacant. It'll cost around 150k and about 6 months. Once we finish the rehab, we can refi the building and pay back the HELOC.We have excellent cred...
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Investment Info:
Large multi-family (5+ units) buy & hold investment in Johnson City.
Purchase price: $3,600,000
Cash invested: $720,000
Four apartment buildings in Johnson City, Tennessee...
- 1...
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For an embarrassingly long time "Buy an 8-12 unit apartment building" has been on my list of things to do. It has been talked about, pondered, debated but has never happened.So, my thought is to make it a 60 day chall...
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I have a 10-unit apartment building and got a call from my PM this morning that there was water pouring out of the boiler in the basement/boiler-room and so when he had it inspected, he was told the boiler was gone an...
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Investment Info:
Large multi-family (5+ units) other investment in San Diego.
Purchase price: $840,000
Cash invested: $3,200,000
Ground up development of 10 apartment units (9 market rate, and 1 affo...
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Hi all I'm new in the investing space but i know enough to know that marketing is a HUGE part of being a successful real estate investor. (Wholesalers know my pain lol) I'm trying to figure out the best practices when...
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** Keep in mind while reading this that the LA market is crazy. The 2%, 50% and most other rules don’t apply. :-) **Six years ago my husband and I bought our first property - a run down duplex in a transitioning part...