From the mind of Martin Perdomo
Financing
An appraisal is an opinion of value. The market price is what a buyer actually pays, and in a soft market a lender can treat it as stronger evidence. If a property has been listed, reduced, and still hasn’t sold, a lender may...
Read moreFinancing
You buy multifamily in a high-rate market the same way you should buy it in any market: on basis, not on hope. That means underwriting the deal at today’s debt terms, structuring financing around the business plan instead of...
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A value-add property is not stabilized when the construction is done. It is stabilized when the units are leased, the cash flow is proven, and long-term fixed debt is in place. Until that last box is checked, you are still...
Read moreBRRRR
Yes, BRRRR still works in 2026 — but the version that worked in 2021 is dead. BRRRR stands for Buy, Rehab, Rent, Refinance, Repeat: renovate an under-performing property, stabilize it, refinance at its new value, and recycle your...
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