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Forums » Make Deals, Find Partners, Mentors & BirdDogs, etc. » 30 Rented Homes in Las Vegas

30 Rented Homes in Las Vegas Subscribe to 30 Rented Homes in Las Vegas

10 posts by 4 users

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Tag Tags: vegas rentals cap-12-43-


John Fruhn

Real Estate Investor · San Bernardino, California


Forum_avatar_avatar-skydlimit

Jun 22 '10, 07:59 AM

Seller wants out. 27 are rented. 3 vacant. Seller will pay 2 months of rent at closing if still vacant. 7 Townhomes+6 Condos+17 SFR. Gross Cap Rate 12.43%. All rehabbed 2009. 2Mill + you.

Edited: 06/26/2010 at 01:19PM


Ted Harris

Real Estate Investor · Portland, Oregon


Forum_avatar_avatar-nwsold

Jun 22 '10, 03:43 PM

Will seller break any out individually?

Edited: 06/26/2010 at 01:20PM


John Fruhn

Real Estate Investor · San Bernardino, California


Forum_avatar_avatar-skydlimit

Jun 23 '10, 03:16 AM

No. Not at this time. Any changes we will let you know.
How many are you thinking?

Edited: 06/26/2010 at 01:20PM


Ted Harris

Real Estate Investor · Portland, Oregon


Forum_avatar_avatar-nwsold

Jun 23 '10, 02:10 PM

1 or 2

Edited: 06/26/2010 at 01:21PM


John Fruhn

Real Estate Investor · San Bernardino, California


Forum_avatar_avatar-skydlimit

Jun 23 '10, 10:57 PM

If it works out where that will work we will let you know.

Edited: 06/26/2010 at 01:21PM


Ryan Webber

Wholesaler · Amarillo, Texas


Forum_avatar_avatar-ryan_webber

Jul 02 '10, 05:46 AM

What exactly is a Gross Cap Rate? Are you talking about before all expenses? If that's the case, you really shouldn't be calling it a Cap Rate.


John Fruhn

Real Estate Investor · San Bernardino, California


Forum_avatar_avatar-skydlimit

Jul 02 '10, 08:41 AM

Originally posted by Ryan Webber
What exactly is a Gross Cap Rate? Are you talking about before all expenses? If that's the case, you really shouldn't be calling it a Cap Rate.



John Fruhn

Real Estate Investor · San Bernardino, California


Forum_avatar_avatar-skydlimit

Jul 02 '10, 08:44 AM

We are talking about AFTER all expenses.


Ryan Webber

Wholesaler · Amarillo, Texas


Forum_avatar_avatar-ryan_webber

Jul 02 '10, 08:59 AM

Sounds good John. I wasn't sure what exactly you meant by a "Gross Cap Rate". A cap rate being a ratio based on "Net" operating income and not "Gross".


John H.

Real Estate Investor · Huntington, West Virginia


Forum_avatar_avatar-landlordsjournl

Jul 02 '10, 09:34 AM

I have heard of the gross rent multiplier but never gross cap rate. Anyway, a double digit cap rate sounds awesome... plus in Las Vegas, the properties are surely to appreciate at some point.... Where I am from, most of the "bread and butter" or even the nicer rentals barely ago up in value.. so we are stuck with worrying about capitalizing the property without the added benefit of the property appreciating...




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