All Forum Posts by: Andy Fernandez

Thank you Mr. Dickerson. So by using the 1% or 2% rule I can determent my purchase price to get my real cap rate then use the formula ARV= NOI/Cap Rate to determent the value of the property.

Let me know what you think on this approach. I am working in two different markets, Los Angeles CA and Detroit Michigan. 

I am trying to get a standardize formula I can use to determent the ARV missing the purchase price.

Your thoughts. 

Thank you Ms Ripma. I am getting closer with the cost approach. Now I am in Los Angels CA the investment is on the outskirt of the city with very little comps on this size. Normally they are either a duplex or a small apartment building. The 1% rule is a very good tool to determent the value of each unit. 

Do you have a formula I can use to value this and other properties. We are using the BRRRR system and with that the ARV is the most important piece of information for us.

I thank you for your help and any other suggestion will be appreciated.

Thanks

Good morning BP I have a big question:

I am looking for the correct formula to calculate the ARV on a fourplex. I understand the ARV of an income property is calculate as ARV= NOI/ CAP rate. If you need to do this calculation and you have your NOI but you do not have a purchase to calculate your CAP Rate what do you do ? ( I do not want to goggle a Cap Rate for the area where the property is located) what do you do ?

I am looking for a way to calculate manually ARV, in other words I need to know from where the number comes from.

Any help will be highly appreciated.

Keynote if you can share some of your lender we highly appreciate. 

my email is [email protected]. 

thanks

good morning, I am trying to get a TRUE water meter service for a triplex. All units have individual plumbing. What I come across is most of the companies that provide the submeter billing have a minimum of 25 to 30 units. I need it for a triplex and a fourplex. Any suggestion will be appreciated. I am in Los Angeles California.

Thanks.

On the refinance you have to ensure you have at least 70% of the new appraise value on the deal to be able to get you hard money loan pay off , any other money you put in the deal and some extra cash to be a true BRRRR.

Thank you Theo, that is very inciteful. 

Thanks.

Greg thank you for your detail information, this is exactly what I was looking for.

Thank you.

Thank you Immanuel, this is exactly what I was looking for. I really appreciated you taking the time  in providing this valuable help.

Thanks

Thank you Immanuel, I am looking at a 6 unit complex. What I am trying to determent is the value of the  property. The units will produce 8400 per month . The acquisition price  is 275k plus a 185K rehab. 

My goal is to determent the value or ARV using the income method for this property. I understand that the neighborhood, condition, and area rental are also part of this valuation.

Any suggestion will be highly appreciated.

Thanks.