Multis selling HOTcakes
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Multis selling HOTcakes (by Beth [WI]) Oct 11, 2017 8:31 AM
       Multis selling HOTcakes (by S i d [MO]) Oct 11, 2017 8:50 AM
       Multis selling HOTcakes (by AllyM [NJ]) Oct 11, 2017 11:21 AM
       Multis selling HOTcakes (by cjo'h [CT]) Oct 11, 2017 10:56 PM

Multis selling HOTcakes (by Beth [WI]) Posted on: Oct 11, 2017 8:31 AM

Wow oh wow.

Multi's are selling extremely quickly here on the MLS. Sales were decent a year ago but nothing like now. You have a nice property... it will go for full price in a week.

Multis selling HOTcakes (by S i d [MO]) Posted on: Oct 11, 2017 8:50 AM

Around here too. Anything decent is flying off the shelf...under contract is 3-5 days...closed in a month or less.

Money is loose. SFH's and small multi (2-4 units) rentals have peaked. Medium multis (up to 25-30 units) are where it's at today...and they are way overpriced for the return they generate. I'm seeing them in the 1.3-1.4% typically. CAP Rates in the 8 - 10 range. I want 14 before beginning to look.

I have to remind myself....Don't worry: the market will peak and then it's time to go bargain hunting. It's time like this when I have to be extra patient.

Multis selling HOTcakes (by AllyM [NJ]) Posted on: Oct 11, 2017 11:21 AM

Guv'mint is giving first time home buyers a mortgage again and a GRANT! If they don't sell in five years they get to keep the grant. Uncle Sam or Aunt NancyPelosi is at it again getting another crash together for us. Vote em out.

Multis selling HOTcakes (by cjo'h [CT]) Posted on: Oct 11, 2017 10:56 PM

Miss Ally, one is as bad as the other.And the sickest is sometimes on fifth Avenue,God help us all,Seems like there is no God at times,no matter what Brad says.Charlie............................................................................pity the poor people in Puerto Riquo..........

Subject: RE: Multis selling HOTcakes
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