US Multi Family Housing USA

Discussion in 'Where to Buy' started by Player, 17th Jun, 2016.

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  1. MTR

    MTR Well-Known Member

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    but the rates are going up.... interesting times in Australia and in US
     
    MTR, 17th Dec, 2016
    #41
  2. sash

    sash Well-Known Member

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    Yes they are...so it will get interesting ....already 8 to 15 basis points have been passed on by some banks including Westpac Group and NAB..
     
    sash, 17th Dec, 2016
    #42
  3. MTR

    MTR Well-Known Member

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    I am noticing that we are seeing more threads on this and the concerns related to property, some nervous investors out there I think.
     
    MTR, 17th Dec, 2016
    #43
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  4. sash

    sash Well-Known Member

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    Where there is nervousness...there is opportunity 70% of my loans are fixed at an average of 3.97%...others are loans with offsets mostly...
     
    sash, 17th Dec, 2016
    #44
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  5. 380

    380 Well-Known Member

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    Process of buying multi is slightly different then SFR.

    Value of multi is determined by

    Rent (or potential rent)
    Maintainance
    Management cost
    Rehab - repositioning
    Types of tenants
    Etc


    Multi is hard work and ongoing drama - unless you have trustworthy resources on ground - I wouldn't recommend it. that is just my view.

    If you are looking to buy stabilised multi - you may have to pay bit premium.

    We may have one small multi for sale in Feb - March next year - happy to discuss details!




    we just secured a 4 plex (multi units) in Atlanta

    This is in a decent area of Atlanta, we had our architect look at it and we have decided to remodel/convert into a large home and flip it as gains would be significant. Will post a thread on this when we are ready.. stay tuned.
     
    Last edited: 19th Dec, 2016
    380, 19th Dec, 2016
    #45
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  6. MTR

    MTR Well-Known Member

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    Hi Michael
    Update on this

    Currently looking at placing an offer on multi units 20 x 2 bedders (4 blocks), ticks the boxes, location and cash flow is over 10%. Approximately $700K but does require some work. Still doing our DD on this but if we secure it will be happy to share the numbers. Will keep you posted on this one.

    We are holding all cash cows and now looking at two other markets in USA

    Will keep you posted.

    MTR:)
     
    MTR, 8th Mar, 2017
    #46
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  7. MTR

    MTR Well-Known Member

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    Yes Chabs am loving this market, 52 States makes it mighty interesting, just got to have boots on the ground and network with the right people.
     
    MTR, 8th Mar, 2017
    #47
  8. MTR

    MTR Well-Known Member

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    What is even better is a C grade location, gentrifying into a B grade location, win/win.... cash flow and growth. \
     
    MTR, 8th Mar, 2017
    #48
  9. larrylarry

    larrylarry Well-Known Member

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    any update @MTR
     
    larrylarry, 4th Jun, 2017
    #49
  10. MTR

    MTR Well-Known Member

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    We have just completed renovating our quad (4 unit multi) and property manager has just listed.

    This one is a keeper as the numbers are sexy.

    Bedeveloper will post this shortly including final photos on reno and the net rental figures.

    As far as buying this product still very diffucult as everyone is chasing these for cashflow

    I will be flying back to Atlanta in Sept, be there for 3 months. If interested good idea to fly over, happy to show you around


    Mtr
     
    MTR, 4th Jun, 2017
    #50
  11. Joynz

    Joynz Well-Known Member

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    Last edited: 4th Jun, 2017
    Joynz, 4th Jun, 2017
    #51
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  12. MTR

    MTR Well-Known Member

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    Thanks
    Will post final photos, numbers shortly
     
    MTR, 4th Jun, 2017
    #52
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