Investor · Diamond Bar, CA · Member since 2013 · 60 posts · 28 votes
Let’s have some fun today and hear different ideas!
As investors we look at quite a few metrics, and your choices depend on your lifestyle and your goals. From GRM, COC return, cash buy vs loan, ARV, etc, to rules such as the 1%.
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What is the max you would pay for a property where rents are $5,000 total, assume a 4-Unit and assume tenants pay utilities, renovated turn key. All like-units. —
Let’s have some fun today and hear different ideas!
As investors we look at quite a few metrics, and your choices depend on your lifestyle and your goals. From GRM, COC return, cash buy vs loan, ARV, etc, to rules such as the 1%.
—
What is the max you would pay for a property where rents are $5,000 total, assume a 4-Unit and assume tenants pay utilities, renovated turn key. All like-units. —
I’m skipping details to see what questions arise.
And why? What metrics are you focused on?
depends on the market. your rust belt buys who buy this stuff for the price of used cars are going to say 250k max for 5k in income
your west coast folks with strong potential for rent growth and appreciation may say. 750k.
Investor · Diamond Bar, CA · Member since 2013 · 60 posts · 28 votes
7y
@Jay Hinrichs HAHAHA! I have never heard that before. Rust Belt Boys. Definitely the price of cars. Yes that is one detail I should have put, West Coast Prices.