All Forum Posts by: Chris Marte

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@John Warren This is for a property I'm looking to buy - I don't own it. I'm trying to analyze what the subject property's ARV will be so I can bake it into my projected refi and cash left in the deal.

@Anthony Dooley Gotcha. Alright I'll use this for sqft adjustments. 

How about adjustments for unique characteristics, like age of building, a fireplace, deck/porch, etc. Do we just estimate based on replacement cost?

Also, what if comps have same number of bedroom/baths but 1,000 less sqft? How do I assess the price adjustment for this? 

Hello everyone, I'm having difficulty when it comes to calculating ARV. I have a good sense of what goes into it (I read J Scott's Guide to Estimating ARV), however I'm having trouble on determining the adjustment values for say an extra bedroom or bath or age of building or cost of porch/deck.

Is there a resource you guys are using to determine these values? I've read it's not always good to use PPSF. 

Are you getting guidance from a property manager or contractor?

Thanks!

Chris

I should raise my standards. #prettywoman

Thanks Dennis. 

Thanks for the advice @Dennis M.

What do you typically aim for in terms of the 1-2% rule as well as your targeted cash on cash return %?

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I'm curious why only 3 responded. Did you have a very specific criteria? 

I'm in the process of speaking with several broker/agents. Any tips on what helped you narrow down your choice on who to roll with or was it just a matter of one of them being able to get you what you were looking for? 

Congrats on your deal btw, nice value-add.

@Gary Guidi Sounds like an amazing deal, job well done!

I wasn't aware you're able to put only 20% down for large MF properties but I'm guessing that's because its structured as a 5 year balloon payment? 

Could you talk a little bit more about the agency debt you plan on switching to next year and how it's going to be structured?