Discussion
I've read the section on income valuation twice and I think I finally understand why these two buildings are asking the same number. Both are 5 units, same small city, about a mil…
Discussion
I have been underwriting an 11-unit for three weeks and the whole deal comes down to one decision I keep changing my mind on. In place: eleven units, average 810, comps support 1,…
Discussion
This is my first building over four units. Everything I own now is duplexes and a triplex and I do all of it myself, which mostly means answering my phone at dinner and knowing wh…
Discussion
I've owned land long enough that the holding cost is a tax bill and a mower, so budgeting for a building with roofs and boilers in it is new territory for me. I'm looking at a 12-…
Discussion
I've been reading the supply side for a while, mostly because I wanted to know when land in these submarkets stops competing with new apartment deliveries. The read most people se…
Discussion
I'm building out management services and the fee structure question keeps coming back at me from both sides of the table. In this size range, five to twenty, the two common shapes…
Discussion
I have enough down payment for a 6-unit comfortably or a 14-unit if I bring in one partner and keep almost nothing in reserve beyond the required escrows. The 6-unit is mine alone…