The condominium conversion-deconversion pendulum

The condominium conversion-deconversion pendulum

As we continuously examine the deconversion trend at Kiser Group, we look for as much information as we can to try to understand how much longer it will last.  We recently looked at our historical data to see how many of each year’s sales were conversions or deconversions out of our total multifamily sales, and we produced the chart below.

Cash-On-Cash: The real measure of rate of return

Cash-On-Cash: The real measure of rate of return

By Andy Friedman Real estate investors are always drawn to cap rate as their go-to measure for potential investments. Cap rates are flawed. (More about that in a previous post.) Your return is not the cap rate, it is the cash-on-cash return, especially since the...
Cap Rates: A Highly Misunderstood and Imperfect Metric

Cap Rates: A Highly Misunderstood and Imperfect Metric

By Andy Friedman   If I had a nickel for every time I’ve been told by a real estate investor that they will only consider a property with X cap rate or above, well, I’d have a boatload of nickels.  There are several problems with using cap rates as your main filter...