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Multi-Family and Apartment Investing

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Christopher B.
  • Investor
  • Southeast, MI
183
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425
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Determinig the value of Multi-family properties

Christopher B.
  • Investor
  • Southeast, MI
Posted Mar 29 2017, 15:22

I am looking at purchasing Multi-family properties where the numbers work, they cash flow just over $100 per unit, and meet the 2% rule, however for at least one of them, and for other in the future, I would like to utilize the BRRRR technique, which means it is very important that I know the approximate value the property will appraise for. I think I am good at using comparable sold properties, and a little bit of pending and for sale properties, for determining single and maybe 2-family/duplex properties, but for a 4-unit and 5-unit property, I not coming up with good data. I know the 5-unit property will need a commercial loan, and I may not use BRRRR there, but I still need to know the approximate value of the property.

Please share your guidance.  

Thanks in advance.  

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