New investor from canton, oh. Been on here reading for some months.
My first deal, I’m looking at 2 duplex, 3 sfh package deal.
Does anyone know how sale prices get assigned to each property? My goal is to sell the sfh’s asap and keep the duplexes. Any help would be appreciated.
Hi Rob, welcome to Bigger Pockets. I'm an investor in the Canton/Massillon area and I've found that it really depends on the specific area when it comes to property value. School district is a huge factor for me, like Perry Township vs. Canton City (both in Canton). Talk to realtors in the area or research online to get the value of each property before coming up with a number for the package deal. I agree with selling the SFH's and keeping the duplexes for cash flow. Package deals are the best in my opinion because that's how you get them at a good price. Good luck and let me know if I can help.
Welcome to Bigger Pockets Rob, I am a Realtor in the area and happy to help with pricing. Please feel free to reach out to me anytime. Good Luck!
Hi @Rob Mcclary , welcome to BP. Fellow NE Ohio investor.
You can do it one of two ways (assuming the contract just has one bulk price and not broken apart by property). The 5 packages I’ve bought were this way. So my accountant used my numbers for how I was valuing them and breaking them apart for my analysis.
The other option is to used the appraised values of each property, and pro-rate those to the purchase price.
Thanks everyone, I appreciate it.
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