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Investmetn property

Looking to buy duplex/triplex/fourplex as investment property in Austin, TX.  What's the best way to determine a fair value for the property to buy?
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December 05 2012 - Austin
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The best way to determine fair market value is to compare the property to other recently sold multifamily properties in the area. Similar to what an appraiser would do. You should compare the property to at least 3 other sold properties in the same area within the past 6 months to see where those properties sold. That should give you a good basis for valuation. However, with a multifamily property, you will also need to consider the current rents and leases. If any of the units are vacant or under rented, then it will have a negative impact on the value. The same applies with any outstanding repairs that need to be made. If there is a particular property that you are looking at, I can help you find sold comparables. Let me know if I can help. We specialize in investment properties. 
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December 06 2012
dont buy multifamily... your money is best invested in single family... i can prove it so friggin easily!... buy a single family house for $100k and rent it for $1200 ... buy a duplex for $200k and rent it for $2000 with many more problems/vacancies...etc...
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April 22 2013
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The value of the home is determined, essentially, by what you can expect to receive in monthly rent from the property (cash flow) and the rate of return on the investment (CAP rate).  You need to evaluate the property to determine 1.) how much rent you can collect 2.) what your expenses will be, and 3.) the rate of return you require on the money you have invested in the property.  Forget about appreciation and focus on cash flow.
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April 30 2013
I believe multifamily investment properties are a great opportunity to build wealth in Austin, TX.  As several other people have mentioned, it's pretty easy to establish your cash flow on a property by analyzing the rents you'd make vs the expenses you'll have.  II use a detailed Excel spreadsheet with my clients to look at the long term costs/benefits of a property from other, more sophisticated, angles such as the tax benefits of owning an investment property depending on your tax bracket, etc.  If you would like a copy of it please let me know.
Best,
Theresa Bastian
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May 01 2013

 

Hello,

You want to get the best value for your investment, first would be the cash flow, second, is there any improvement you can do to raise the cash flow, how old is the property and what you can expect if you decide to sell it down the road. Investment in Austin and surrounding is a very good idea. as it is being predicted, any Real Estate you buy for the market value or under to day is very good investment decision.but hurry: Be brave and become rich.

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June 17 2013
 
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