Comparable sales should not be your only consideration since similar apartments can be radically different. (more…)
Look for unusual items (one-time expenses) or trends in the finances of the property. (more…)
In order to arrive at a price based on real operating data, one method is to: (more…)
Terms & Conditions – Financing contingency is waived once your bank gives you notice they will release funds (more…)
If you do not have a commercial mortgage broker or bank selected, make this a high priority before you write an offer. (more…)
Work with your broker and understand when he recommends a price how he got there. (more…)
What are the major metrics used to determine an apartment’s financial performance? (more…)
Having one more team member with your interests is to your advantage (more…)
Make sure you are making money at the time of purchase! (more…)
Steve Morris - VP with IMG Northwest
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