BiggerPockets

Our newest blog contributor, Ted Karsch, an expert in commercial real estate just posted a great post for anyone interested in learning to value apartment buildings.

Check out:
Determining the Value of an Apartment Building Investment Using Cap Rates

So an apartment is valued like any other commercial business, right?

If I wanted to raise the value I would
- increase income (raise rents, vacancy)
- reduce expenses (capital expenses at the time of purchase to reduce maintenance costs?)

If I did this, say in a three year period, is it plausible to refinance into a non recourse loan to pull money out tax free yet still keep the income producing property, with lower cash flow of course?

Sorry for the noob questions but I've only dabbled in single family and am considering going to multifamily in the future, as it seems that's where the real money is made.