Recentaly went to a multifamily conference where I got motivated to persue mailing multifamily properties.
I have been studying data. Watching the markets. See underutilized properties. Going to mail them cash offers.
I’m targeting areas by APN sceam.
Using a baseline price approach customized to the market in that APN area with kickers on each property, size, zoning, build age, SQ foot, rooms, baths, parking, etc
Preato principle the high and low off.
End up with units to buy and mail them cash offers.
Do you think the price of multifamily properties in market will point to local rents or should I figure that out and come back to price?
I’m thinking the rent yield approach makes more sense in Detroit and Chicago.
Price of a unit makes more sense in the speculative arena on the west coast or other hot markets. What do you guys think?
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