All Forum Posts by: Angie Stevens

Thanks for responding Steve, 

These...lol.. were my first multifamily ever. What a way to learn!! 

1, 2 ,3- all ok

Myself and the owners read through all his loans documents and found nothing. But, if that is the case, how would an owner move the property? Do all these restricted properties have assumable mortgages? 

The first location, I added to Multifamily in the MLS, of course it went out to all sites...Zillow, Realtor and I must have gotten 200 calls! Now they go under commercial and placed on Loopnet. Where do you advertise? By now, I'm assuming you have a list of clients that are looking for this type of property.

The current buyer for the first two locations is local, which the seller prefers. But from my experience so far it seems these are usually bought by larger investors that prefer to buy several locations as opposed to one complex. Is this true from your experience?  

Is there a different way you figure the cap rate as opposed to other non-affordable multifamily units?  

Do you find your LIHTC properties to be well under the market rents? I'm not talking about the restricted limits...these seem to be well below other properties. 

I'm an agent that's currently representing 3 LIHTC w/LURA properties (2 Under contract)  I feel I should be marketing these properties differently, but it seems this is a niche market and I'm struggling with finding a community where I can ask a question or read others Q/A's. Anyone buying/selling/consulting/representing this type of multifamily complex?