All Forum Posts by: Trevor Richardson

I like Marcus’s take. We have been telling this to our investor clients for a year. Less leverage helps the cash flow, at the cost of purchase power. 40-50% down makes investments look a whole lot better.

And yea, buy in good areas during this time! The country is still in a massive housing deficit, when money markets stabilize America is going to still be millions of units short. It’s such a great time to buy right now IMO.

Yes they are. Because of the tough lending market we are seeing some of the best opportunities for our investors in years. They are getting properties at a discount, and if interest rates improve in a year they are looking forward to refinancing.

Multifamily investors, canceled escrows are not always a bad thing, it often creates opportunities. Don’t sleep on a “back on market” deal!

- Just because one investor didn’t like the deal doesn’t mean it’s not a good deal. Let’s analyze it before it goes back into escrow.

- Maybe the first investor was not qualified and the back on market listing is actually a good property.

- Multifamily is tough to see before writing offers. Often when we see a failed escrow we can get a recent inspection report which is extremally valuable for the “rebound investor”.

Multifamily investors! Canceled escrows are not always a bad thing, it often times creates opportunities.
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#multifamilyinvesting #escrow #opprotunities #renorealestate

The problem with all the calculators is you have to manually input each property. We underwrite the entire market every day, every single property. That’s what the gurus and other (calculator sources) are doing. Sure here is the single property calculator for sale, basically it’s a “good luck” nod.

Nobody is going to show or share the total market analysis or model or process with anyone.

There are 1% deals in every market, maybe only excluding Manhattan and the SF peninsula. You just have to know how to analyze properties at a mass level. 

Locate an investor friendly agent or brokerage that exclusively focuses on investment properties and does all the analysis for you. 

In Nevada, as agents, we can propose to dual represent a deal for something like 2% split between both buyer and seller. No need to involve another agent. Complete service for both parties, we basically represent the transaction and make sure everything is like a normal transaction. Keep it simple and as affordable for everyone as possible and everything is done by the book.

Without representation usually one party is getting “fleeced” as mentioned above. Usually the seller… But I don’t know anything about the deal, maybe they are getting an amazing price to help a friend.

One of the big issues with multifamily is transparency into the numbers. We have a solution designed for our clients using technology! Instead of underwriting the property using a common underwriting calculator three times, we do it all at once, and we do it for you. Our multifamily analysis automatically takes into account three different rent possibilities based on the market and provides investors with three different cash flow scenarios to help them visualize their potential returns.

Current rent - 4.5% Cap - This scenario assumes that rents remain at their current levels.

Market rent - 5.6% Cap - This scenario assumes that rents increase to market levels.

Proforma rent - 6.4% Cap - This scenario assumes that rents increase to a level that is projected based on market trends.

Visit us at https://www.addressincome.com/multi-fam to learn more about multifamily investing in Reno, NV

Or

Visit this link https://calendly.com/trevorrichardson to book a strategy session with Address Income

We developed our own set of underwriting tools for our clients. Always looking for feedback. If you DM me your email and a property (could be any MF property) we will send you a underwriting package.