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Updated about 6 years ago on . Most recent reply

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Jacklyn P.
  • Specialist
  • Indianapolis
2
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29
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Buying at full market value with 18% cap rate, will you do it?

Jacklyn P.
  • Specialist
  • Indianapolis
Posted

Hello. I am a newbie and I have been looking for deals. I read that as an investor, I should make my money at the buy which is getting 70% of the market value of the house minus the repairs. I found a landlord that wants to sell her rental at full market value. If I buy it at full price, it will make at least 18% cap rate. Should I buy at full market price if it has good cap rate? 

Most Popular Reply

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2,834
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Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
3,901
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2,834
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Anthony Wick
  • Rental Property Investor
  • Ankeny, IA
Replied

Post all numbers. Also, I'd like to hear from anybody buying properties at 70% of market value right now as well. What are those, preforeclosures? I almost feel like there should be a new website opened called BP 2.0, for what it's now like well past the 2008 housing market disaster. 

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