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. --173.19.xx.xxx
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. --73.33.xxx.xxx
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.......... --174.199.xx.xxx