Results for ‘What to buy’ category

Why more units are better than fewer

Once you’re sold on the idea of buying an apartment building, the next question is: “What to buy?” One of the important principles to keep in mind is that it’s usually better to buy more units than fewer for a given amount of money. To see why, let’s compare two different deals on the same

OK, I want to buy a building. What do I do first?

Call me. J/k. Sort of. The first thing you need to do is take stock of your current position. Here is what you need to get started: A decent credit score. FHA will loan down to a 580 score, but ideally you’d be north of 700. A stable work history. The ideal loan applicant would

Why I write this blog

You might be wondering: Why does this guy spend so much time writing about apartment buildings? I think the financial crisis of the past few years has changed something fundamental about the relationship between young people and real estate, and I want to try to both explain that change, and help shape it and move

Silver Lake Income Properties In High Demand

We’ve just completed a review of the data for sales of 2-4 unit income properties in Silver Lake over the past six months. For more on the methodology, please see below. Meanwhile, here are the headline numbers: Median estimated gross rent multiple: 12.7x annual rents Median estimated CAP rate: 5.5% Median sale price as %

Imagine Your Building Burned to the Ground

When I look at a new building to buy, I almost always start by imagining it burned to the ground. Am I some kind of psycho? No, I’m not (at, least, not that I know of). I imagine my building in ruins because it helps me focus on the most important aspect of any property:

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