[34f3f3f]

That was a great breakdown, thanks surveyor. It’s clear that there are so many places to choose from, the task is a bit daunting. I’ve been watching the +5 unit CRE to see if there are deals yet or whether it’s worth waiting a year. Some of the bigger buildings would probably require a full time caretaker/handyman on site, but the returns on the face of it look tempting, maintenance/management notwithstanding. Then there’s the “all your eggs into one basket question.” I had assumed Marcus and Millichap were into institutional investors only?

[34f3f3f]

That was a great breakdown, thanks surveyor. It’s clear that there are so many places to choose from, the task is a bit daunting. I’ve been watching the +5 unit CRE to see if there are deals yet or whether it’s worth waiting a year. Some of the bigger buildings would probably require a full time caretaker/handyman on site, but the returns on the face of it look tempting, maintenance/management notwithstanding. Then there’s the “all your eggs into one basket question.” I had assumed Marcus and Millichap were into institutional investors only?

[34f3f3f]

That was a great breakdown, thanks surveyor. It’s clear that there are so many places to choose from, the task is a bit daunting. I’ve been watching the +5 unit CRE to see if there are deals yet or whether it’s worth waiting a year. Some of the bigger buildings would probably require a full time caretaker/handyman on site, but the returns on the face of it look tempting, maintenance/management notwithstanding. Then there’s the “all your eggs into one basket question.” I had assumed Marcus and Millichap were into institutional investors only?

[34f3f3f]

That was a great breakdown, thanks surveyor. It’s clear that there are so many places to choose from, the task is a bit daunting. I’ve been watching the +5 unit CRE to see if there are deals yet or whether it’s worth waiting a year. Some of the bigger buildings would probably require a full time caretaker/handyman on site, but the returns on the face of it look tempting, maintenance/management notwithstanding. Then there’s the “all your eggs into one basket question.” I had assumed Marcus and Millichap were into institutional investors only?

[34f3f3f]

That was a great breakdown, thanks surveyor. It’s clear that there are so many places to choose from, the task is a bit daunting. I’ve been watching the +5 unit CRE to see if there are deals yet or whether it’s worth waiting a year. Some of the bigger buildings would probably require a full time caretaker/handyman on site, but the returns on the face of it look tempting, maintenance/management notwithstanding. Then there’s the “all your eggs into one basket question.” I had assumed Marcus and Millichap were into institutional investors only?

[34f3f3f]

I’ve done a little leg work on this, and initially thought that Texas was going to be good, but the rental market relies too much on the potential buyer pool, and I was looking for a more traditional renters market, with a steady source of renters, and a market less volatile that in soCal. Boston has some lovely buildings, many appear to built as multi-family units, and a reliable source of renters. Buildings are cheaper to buy, rents high, so cap rates are tempting, but it is very seasonal. The downtown apartments and condos, some of which are beautiful, are more expensive and offer smaller returns. Philadelphia is another possible candidate. New York probably has lots to offer, but it’s just too big unless you already know it well. I’ve found that the best judge of current cap rates is listed properties with leases still in place. Redfin seems to provide more of these financial details than some MLS listings I’ve been receiving.

A company called Marcus and Millichap provide free reports. You just have to register http://www.marcusmillichap.com/Services/Research/ They give a brief but useful breakdown of cities’ rental markets.

[34f3f3f]

I’ve done a little leg work on this, and initially thought that Texas was going to be good, but the rental market relies too much on the potential buyer pool, and I was looking for a more traditional renters market, with a steady source of renters, and a market less volatile that in soCal. Boston has some lovely buildings, many appear to built as multi-family units, and a reliable source of renters. Buildings are cheaper to buy, rents high, so cap rates are tempting, but it is very seasonal. The downtown apartments and condos, some of which are beautiful, are more expensive and offer smaller returns. Philadelphia is another possible candidate. New York probably has lots to offer, but it’s just too big unless you already know it well. I’ve found that the best judge of current cap rates is listed properties with leases still in place. Redfin seems to provide more of these financial details than some MLS listings I’ve been receiving.

A company called Marcus and Millichap provide free reports. You just have to register http://www.marcusmillichap.com/Services/Research/ They give a brief but useful breakdown of cities’ rental markets.

[34f3f3f]

I’ve done a little leg work on this, and initially thought that Texas was going to be good, but the rental market relies too much on the potential buyer pool, and I was looking for a more traditional renters market, with a steady source of renters, and a market less volatile that in soCal. Boston has some lovely buildings, many appear to built as multi-family units, and a reliable source of renters. Buildings are cheaper to buy, rents high, so cap rates are tempting, but it is very seasonal. The downtown apartments and condos, some of which are beautiful, are more expensive and offer smaller returns. Philadelphia is another possible candidate. New York probably has lots to offer, but it’s just too big unless you already know it well. I’ve found that the best judge of current cap rates is listed properties with leases still in place. Redfin seems to provide more of these financial details than some MLS listings I’ve been receiving.

A company called Marcus and Millichap provide free reports. You just have to register http://www.marcusmillichap.com/Services/Research/ They give a brief but useful breakdown of cities’ rental markets.

[34f3f3f]

I’ve done a little leg work on this, and initially thought that Texas was going to be good, but the rental market relies too much on the potential buyer pool, and I was looking for a more traditional renters market, with a steady source of renters, and a market less volatile that in soCal. Boston has some lovely buildings, many appear to built as multi-family units, and a reliable source of renters. Buildings are cheaper to buy, rents high, so cap rates are tempting, but it is very seasonal. The downtown apartments and condos, some of which are beautiful, are more expensive and offer smaller returns. Philadelphia is another possible candidate. New York probably has lots to offer, but it’s just too big unless you already know it well. I’ve found that the best judge of current cap rates is listed properties with leases still in place. Redfin seems to provide more of these financial details than some MLS listings I’ve been receiving.

A company called Marcus and Millichap provide free reports. You just have to register http://www.marcusmillichap.com/Services/Research/ They give a brief but useful breakdown of cities’ rental markets.

[34f3f3f]

I’ve done a little leg work on this, and initially thought that Texas was going to be good, but the rental market relies too much on the potential buyer pool, and I was looking for a more traditional renters market, with a steady source of renters, and a market less volatile that in soCal. Boston has some lovely buildings, many appear to built as multi-family units, and a reliable source of renters. Buildings are cheaper to buy, rents high, so cap rates are tempting, but it is very seasonal. The downtown apartments and condos, some of which are beautiful, are more expensive and offer smaller returns. Philadelphia is another possible candidate. New York probably has lots to offer, but it’s just too big unless you already know it well. I’ve found that the best judge of current cap rates is listed properties with leases still in place. Redfin seems to provide more of these financial details than some MLS listings I’ve been receiving.

A company called Marcus and Millichap provide free reports. You just have to register http://www.marcusmillichap.com/Services/Research/ They give a brief but useful breakdown of cities’ rental markets.

[34f3f3f]

Thanks for the useful replies everyone. So it looks like 2-4 units are tied in with residential home prices more than with commercial property prices?

HLS, I agree that other parts of the country seem to offer better ROI that CA. I don’t know why San Francisco is rated as the rental mecca. Very hard to find any decent cap rates there, even in places like Oakland.

[34f3f3f]

Thanks for the useful replies everyone. So it looks like 2-4 units are tied in with residential home prices more than with commercial property prices?

HLS, I agree that other parts of the country seem to offer better ROI that CA. I don’t know why San Francisco is rated as the rental mecca. Very hard to find any decent cap rates there, even in places like Oakland.

[34f3f3f]

Thanks for the useful replies everyone. So it looks like 2-4 units are tied in with residential home prices more than with commercial property prices?

HLS, I agree that other parts of the country seem to offer better ROI that CA. I don’t know why San Francisco is rated as the rental mecca. Very hard to find any decent cap rates there, even in places like Oakland.

[34f3f3f]

Thanks for the useful replies everyone. So it looks like 2-4 units are tied in with residential home prices more than with commercial property prices?

HLS, I agree that other parts of the country seem to offer better ROI that CA. I don’t know why San Francisco is rated as the rental mecca. Very hard to find any decent cap rates there, even in places like Oakland.

[34f3f3f]

Thanks for the useful replies everyone. So it looks like 2-4 units are tied in with residential home prices more than with commercial property prices?

HLS, I agree that other parts of the country seem to offer better ROI that CA. I don’t know why San Francisco is rated as the rental mecca. Very hard to find any decent cap rates there, even in places like Oakland.

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