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HOW ARE MULTIFAMILY INVESTMENT BUILDING CLASSES DETERMINED? By Pierre Mouchette | Real Property Experts LLC Investors, lenders, and brokers have developed multifamily investment property classifications to make it easier to communicate amongst themselves. Property classifications are A, B, C, and D.
Letter grades are assigned to properties and areas by characteristics such as age, tenant income levels, growth areas, appreciation, amenities, and rental rates. It is important to understand property class and area class before investing so that you know how they can affect your investment and meet your investment goals. KEEP YOUR RENTAL OCCUPIED By Pierre Mouchette | Real Property Experts LLC Yes, tenants are looking for more and are willing to pay for it. The following will give you an idea of what qualified tenants want. Some of the basics according to the latest statistics include:
APPRAISAL CONTINGENCY By Pierre Mouchette | Real Property Experts LLC The following is a contingency that you may wish to add to your offering documentation:
The Buyer may order and pay for an appraisal on the property. If the appraisal value is less than the total price stated in the contract of sale, the Buyer may, within three (3) calendar days of Buyer’s receipt of the appraisal, at the Buyer’s sole option, declare this offer null and void. Buyer is entitled to a return of all deposits, if any, less the appraisal fee and any other escrow expenses or fees chargeable to the Buyer. After that, neither the Buyer, the Seller, nor any real estate brokers shall have any further rights, obligations, or liabilities under this contract. Live in Harmony with The Environment and Live Better By Pierre Mouchette | Real Property Experts LLC Do you want your family to live better lives? One way to do this is to empower them with a healthier environment. You have heard the old saying that we are all products of our environment ….. Go to The Environmental Working Group (EWG) website to review the outcomes of their research. EWG is a non-profit, non-partisan organization dedicated to protecting human health and the environment.
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