@realestatedude0 I have a guy professional knows what he does and he does them for 1k each up and down tcl brand same as your photos. Dm me Iβll share you his info
@BarryRoland19 Need to get to a 9 cap to make sense of something in not prime LA even after adus maybe you get to a 8 in which case the proforma buyers at a 7. Whatβs the fun. You can get to a 8 with substantial remodels and adus in sgv and ie and you have a proforma buyer in the low 6βs.
@TAYVAY_@GeorgeAshdown0 How do you get the comp set dats into context in an accurate real way? Do you generate an estimated expense estimate proforma gross and grab current goi for each of the 6k plus comps?
im thinking buy WELA non rso 10-15 units 80's product 10-20 percent below market rents then increase 8 percent every year until they are paying 15-20 percent above market and they naturally start to move out then you tic them lowering cost basis on remaining units and if they dont move out thats no biggie because they are paying you a insane rent. possible issues? also thinking build 10 units with sb79 in WELA on a small lot in which case dont need any affordable unit then tic the units