All Forum Posts by: Ryan McBride

Thanks for the info. Makes total sense. Another layer to this question is in order to accurately determine NOI and cap rate, I need to have an accurate idea of what the going rental rates are in the area, correct?

Given that I don't live in that area, it makes things a bit difficult. What would you suggest would be the best way to accurately determine an areas rental rates. Real estate agents or other landloards are who I'm thinking might be the first people turn to....

I live in a small town and there are no buy and hold multifamily investment opportunities in my area. That said, an up and coming small city is a little over an hour away and is where I'm looking to make my first multifamily investment.

I understand how to calculate if the property is a good buy, but what I'm at a loss at is how to determine market value in my area of interest (or in any area for that matter).

I'm assuming a good place to start is to research comps for going rent in the area, but that dosen't seem like it would give me a complete picture.

Any advice or insight would be appreciated.