@George Gammon I don't think that you can assume that
C class properties don't have any appreciation potential.
The fact that a turn key company sells
C class properties doesn't mean they are ripping off unsuspecting investors.
My corp and I own 25 properties, but had I not sequenced this properly, I'd be stuck at ten (and the first nine were
the C class properties!)
I purchased several
C class properties with cash with the intent to refinance with a local bank using commercial lending.
Regarding A, B &
C class properties, this is common terminology in the commercial market but not that commonly used in the SFH rental market.
I just saw this thread, and haven't heard of people talking about
c class properties or b class properties, and wasn't exactly sure how to search for that information.
In other words,
C class property located close to nicer amenities.
Not exact matches
Interestingly A and
C properties there are showing rent growth of almost twenty percent while
class B is just under ten percent.
Class C properties should meet the Two Percent Rule.
The Equivalence Extension
Property and Model Structures
C Sattler — arXiv preprint arXiv: 1704.06911, 2017 — arxiv.org We give an elementary construction of a certain
class of model structures.
Part A:
Class Actions (John A. Campion / Sarah J. Armstrong) Part B: Construction Claims (Duncan Glaholt) Part
C: Defamation (Howard WInkler) Part D: Employment Law — Wrongful Dismissal (Stuart Rudner / Erik Marshall) Part E: Equitable Remedies (Harvin Pitch / Marvin Huberman / Mark Gannage) Part F: Intellectual
Property (Ron Dimock et al.) Part G: Judicial Review (David Phillip Jones / Anne De Villars) Part H: Personal Injury (Christine Pratt / Lindsey Miller / Randal S. Carlson) Part I: Privacy (Kris Klein) Part J: Professional Negligence (Christine J Pratt et al) Part K: Surety Bonds (R. Bruce Reynolds)
City of Wichita • Wichita, KS 02/2009 — 11/2009 Legal Compliance Presided over Municipal Court for
Class C misdemeanors, city ordinances, traffic violations, criminal misdemeanors,
property matters.
Commercial Real Estate matters, including commercial mortgage loans, commercial and small business underwriting, risk grading, risk analysis and securitized financings, the acquisition, financing and disposition of
Class A, B,
C office, retail and industrial
properties, commercial and mult...
properties in local D and
C class neighborhoods.
With those classifications of «ghetto» and «warzone» and «
class C» versus other
classes, I seem to rent out
properties in «
class C» areas.
«In that case,» said REALTOR ®
C, «you are bound for the next 90 days to REALTOR ® B. I have a really outstanding organization, constantly in touch with active buyers interested in this
class of
property.
She's predicting an uptick in retail sales by at least 10 percent in 2013, with investors who had formerly been focused on
Class A
properties moving up the risk spectrum to those B and
C assets.
Demand runs the gamut across
Class - A, B and even well - located
C properties in primary, secondary and tertiary markets.
If you have a
Class C property and the management company only manages
Class A product, these worlds of management are so different as the
Class C requires more oversight and direction.
The A
class property has $ 1K «cash flow» (using your definition of cash flow) and the
C class has $ 1K «cash flow».
Even
Class C properties in the region sell at cap rates of 5 %, down from 8 % five years ago, according to local investors.
Projects in first - tier markets that are building or redeveloping
Class A commercial space don't have the funding issues that
Class B and
C properties in less popular cities might face.
Despite the softening due to the new development focus on
Class A apartments, the overall fundamentals for apartments remain stable, indicated by the strong demand for
Class B and
C properties.»
What I suspect, but was not stated in your post, is that you use your criteria in only a certain
class of areas /
properties (maybe
C + / B --RRB- so that it works for you to be a quick initial screening process.
Is it a
class A, B or
C property?
Interesting thought but I will propose something for you to consider: A
class 4 BR / 2 BA, 2000» in an A
class area provides a 1.3 X and a different 4 BR / 2 Ba, 2000» in a
class C area,
class C property produces the 1.5 X. Both are geographically in the same vicinity.
Note in reality I am likely underselling the «cash flow» of the
class A
property because to produce 1.3 X on an assumed much higher purchase price it would produce better than the same «cash flow» as the
C property (otherwise it would not have achieved 1.3 X).
I know it's subjective, but what
class of
property / neighborhood are you focusing on (ie A, B,
C)?
If you
class your
properties on a A-
C scale, it is with out hesitation,
C.
I also have
class B,
C & D
properties that I have fixed up and paid cash.
Find out what your personal preference is regarding the type of neighborhood you'd like to buy (A, B,
C, D
class neighborhood), then the type of
property (A, B,
C, D
class property) in that defined neighborhood.
Most demand growth now is coming from associations, non-profits, technology companies, co-working firms and new media businesses, says Sikaitis, and they are interested mostly in
class - B and
class -
C properties, just as there's a dearth of them.
In addition, landlords of
Class B and
C properties can stage office spaces and better compete with new builds by offering tenants modern amenities and layouts, the company says.
The appropriate average cap rate on nursing facilities ranged from 11.1 percent on
class - A plus
properties to 13.5 percent on
class -
C assets, in respondents» views.
Historically, there has been a big pricing gap between
Class - A deals and lesser quality B and
C properties.
With
Class - B and
C properties stuck in the mire, investors who want to play in the seniors housing arena have to focus on
Class - A
properties, which is a factor in helping sustain low cap rates in that segment.
I have two duplexes, one
C class, one probably D
class, with two different
property managers.
Among the
Class - B and
C properties that do sell, there's been a slight depression of prices.
But according to LeZotte, this flight to quality in seniors housing also spells opportunity for acquisitions among
Class - B and
C properties, especially for investors who don't depend on debt — such as capital - laden players from as far a field as Australia or Germany.
Class - A
properties have seen cap rates increase by 25 to 75 basis points, while B and
C properties have climbed between 50 and 150 basis points.
My
properties are however above
C class.
The
Class -
C property sold for $ 59 per sq. ft.
Class - B apartments have been selling for nearly $ 50,000 per unit, while
Class -
C properties are selling for about $ 34,000 per unit.
I use Quickbooks online and my accountants recommended setting up my
properties as fixed assets, then keeping track of Labor and Materials separately for each
property using product and service
classes (Labor and materials must be separated on a Schedule
C, line items 37 and 38).
For most landlords that have
C / D
class properties or iffy B
class the tenant base is most likely not collectable.
Local buyers such as Bigos Investment and LaNel Financial Group have been actively acquiring
Class - B and
Class -
C properties.
Property is in a
class C neighborhood.
And should it be different based on
property class (I.e. Class A, class B, clas
class (I.e.
Class A, class B, clas
Class A,
class B, clas
class B,
classclass C)?
The
class - B and
class -
C apartment
properties most likely to take out CMBS loans are also doing well.
Of that figure, 4.7 million were
class - A units, while
class - B and
class -
C properties comprised the remaining 5.69 million units, Reis data shows.