This is a very broad question so I hope that I am able to help with my two cents.
We haven't been able to close on any Multi-Family deals yet and it seems to be very hard to come by decent (min. 8%) returns on multi-family. We have seen a handful of deals this past year and bid on some but not successfully.
SFR is our bread and butter and we average about 9.8% return on our buy and hold investments. Typically properties are purchased around $60-80K with $7-12K rehab and an ARV of $100-110K. We purchase with cash but we've recently started doing some financed deals and I'm waiting to see how the returns turn out with those.
We haven't done anything in self-storage and I'd love to hear your take on it. I have noticed that some of the larger self-storage companies are coming in and buying up the larger commercial spaces and putting in climate-controlled self storage but that is typically above our paygrade.
We have been avoiding mobile homes in general but I am open to hearing your take on this as well.
This is a very broad question so I hope that I am able to help with my two cents.
We haven't been able to close on any Multi-Family deals yet and it seems to be very hard to come by decent (min. 8%) returns on multi-family. We have seen a handful of deals this past year and bid on some but not successfully.
SFR is our bread and butter and we average about 9.8% return on our buy and hold investments. Typically properties are purchased around $60-80K with $7-12K rehab and an ARV of $100-110K. We purchase with cash but we've recently started doing some financed deals and I'm waiting to see how the returns turn out with those.
We haven't done anything in self-storage and I'd love to hear your take on it. I have noticed that some of the larger self-storage companies are coming in and buying up the larger commercial spaces and putting in climate-controlled self storage but that is typically above our paygrade.
We have been avoiding mobile homes in general but I am open to hearing your take on this as well.
Hi @Ariel Goldenberg we're typically looking at rents between $900-1,100/month. Some of our cheaper properties have been around $800-900/month but always those minimum returns. Our lowest deal was an acquisition of $47,000 from a local wholesaler that's rented out for $750/month. That's the lowest rent on any property I've sold but you can see why we did it.
Have you already invested in other markets or are you just getting started?