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Asked by Ramco, Dallas, TX Tue Sep 23, 2008

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3
Bruce Lynn, Agent, Coppell, TX
Tue Sep 23, 2008
Richard,

ROI and Cap Rate.......On a 20 unit I'd expect to get rent roll and financials. I always take these with a grain of salt though. Then do your evaluation.....is it in an area where rents will increase or decrease? Is there high turnover or steady tennants? What's the vacancy rate? Is it in an area that is appreciating or depreciating? Who's responsible for the utilities? Is there a chance to make any improvements and increase the rent. Typically buildings like these sell for purely a function of the rent, so if you plan to sell it for a profit in the future you will need to evaluate how you can increase the revenue. Is there a chance for laundry, vending, condo conversion, build additional units, etc.
Web Reference:  http://www.teamlynn.com
0 votes
Dallas Texas, Agent, Dallas, TN
Tue Sep 23, 2008
Work with a good real estate agent, who is familiar with market for Dallas.

You can contact my office 972-699-9111.
http://www.lynn911.com http://www.homes-for-sale-dallas.com
Web Reference:  http://www.lynn911.com
0 votes
T.E. & Naima…, Agent, Dallas, TX
Tue Sep 23, 2008
This is a duplicate question...
0 votes
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