All Forum Posts by: Tony F.

What does everyone have to share about Reno apartment complexes, 20 units and up. What kind of cap rates are these trading at on actuals? Any tips on where to find off market properties? Looking at Reno, not a lot on the mls or loopnet...

@Frank Bonzai

If your looking for gross then yes rents in the area x number of comparable units, adjust by number of bedrooms if the complex contains mix of diff bedroom units.

If trying to quickly estimate net income.. that is trickier. In my area on smaller sized apartments 8-20units I always use 65% to compare properties quickly. This will very significantly from market to market, diff utility costs, harsher weather regions more maintenance snow blowing etc, but for just comparing two properties in the same area it doesn’t mater as long as you use the same multiplier. More doors under one roof will run more efficiently, so you shouldn’t use this to compare an 8plex to a 40unit property..

What net to gross multiplier do you other investors use out of curiosity?

@Taylor L.

How are cap rate on actuals in Richmond ?

Who’s the best multifamily investor friendly agent in the area?

@Danny Randazzo

Thanks that’s next step for sure if I decide Phoenix multi is where I want to focus, just looking at options currently. Thanks

@Ivan Enriquez

Thanks for the feedback

What kind of cap rate are apartment buildings (b class) in Phoenix and surrounding areas currently trading at? In the 1.5-4m price range. Thanks

@Jake DeAtley

Any luck in Boise? Any recommendation for an investor friendly broker? Gonna make a trip to Boise soon in search of a 1031 replacement property.

@Tony F.

They should be able to answer all your questions, but wise to bounce off cpa also

@Tammy Skeath

You have an intermediary involved already right? It’s to late if not.