InvestProp vs. Zillow

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Sell Multifamily Question:   How do I know the value of my small or medium sized multifamily property in today’s market? Answer: NOT by checking Zillow! Discussion For the sake of brevity, we’ll focus today on one small property–a duplex in St. Paul.  Currently, Zillow.com has 440 Jayne Street valued at $154,531.  Currently, InvestProp …

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Broker “Fee”

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InvestProp Glossary: Broker Fee (formerly “admin fee”) A fee in addition to a commission (typically %, but sometimes flat fee) paid out at closing to the Broker (not the agent) by the Buyer or Seller of Real Property pursuant to a Buyer’s Representation Agreement or Exclusive Listing Agreement (seller).   [Note:  InvestProp has NEVER …

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Cap Rate

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InvestProp Glossary: Capitalization Rate (Cap rate for short) Rate of return on a real property asset with a given Net Operating Income or “NOI” and Property Value.   Cap rate = NOI/Property Value Cap rate is a financial metric used to analyse the investment return of a given real property.  This basic use of …

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HELP! How do I look up the rental license history?

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Multifamily owners and investors. If you have purchased multifamily, chances are you’ve looked up the rental license history of a property.  If not, it is a good habit to get into (as a note a good multifamily broker provides this service).  Whether you are horse trading with your neighbor or working through brokers, one …

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Gross Rent Multiple (“GRM”)

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InvestProp Glossary: Gross Rent Multiple (or GRM for short) How many times the scheduled annual rent is the purchase price (or asking price).   Used in a sentence:   The asking price of that 4 plex is a 9.1 gross rent multiple. Application: Gross Rent Multiple or “GRM” is the best short hand metric …

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