All Forum Posts by: Yannik Cudjoe-Virgil

@Alexis Nworah it depends on your budget. If your looking to be all in about 50k then baltimore may be the best bet. Anything 100k + will be in DC. 

@Aaron Smith Is it very market to market. But in regarding Tampa and Raleigh, you should expect to see between a 6-8% cap for B & C properties depending on the market. If your interested in those areas you should call up brokers that have inventory that meets your criteria and ask them what rates are they seeing properties trading at 

Always start by building a foundation. Work to LEARN before you work to EARN! If you do that you will last a very long time in this business. 

Hey - I would call zoning to verify that can be done

Like @Taylor L. said.. the best thing you can do as a newbie is to get clear on your goals,  find one thing and start working at that. There are alot of ways to achieve financial freedom in real estate but it helps you build a foundation better if you can start off in one niche and grow from there

@Akeem Moreno Baltimore is a good rental market to invest in. I would recommend you have boots on the ground or visit the market as it is a very block by block city. It is also not very landlord friendly. You can expect high cashflow and low to moderate appreciation in Baltimore. Do your due diligence and i'm sure you can find a good deal. Hope this helps. 

@Mahmoud Y. Elhalawany You should contact some local brokers in the area and ask them what are the cap rates in that particular market with respect to the specific class of multifamily you are interested in. They should have a good pulse on the market. As for absorption rate, they may be able to tell you or you can do some research via publications from CBRE or Marcus and Millichap. Or you can pay for a CoStar subscription to get this info. Hope this helps.

@Pharaoh Mitchell I think the first place to start is educating your self in commercial real estate in general. It is a steep learning curve compared to SFH and it becomes even more intricate when dealing with specific asset classes. The transaction times are more than likely longer than single family and the due diligence process is nothing compared to SFH. Hope this helps.

With the above being said......dont let it deter you from investing in Baltimore. A lot of opportunity there

You can find lenders that would be willing to lend on stated income. However, in Baltimore 95% will require the property to be at least 100k Value