Anyone have experience in commercial properties on LIHTC programs
Hey all,
Wanted to ask if anyone here has any experience in dealing with LIHTC programs when investing in apartment buildings? Tenant protection last for another two years and they have the property priced at a 4% cap and the market value is 7%. My thought process would to run numbers with current NOI and market cap and go from there. I don't want to over pay for a property, especially when using investors money, just to wait for the property to cashflow in the next two years. Any advice on negotiations here?