Loopnet and CAP rates

[Alessandro Struppa]

All,

I have been looking at multifamily properties on Loopnet and many of these seem to be great deals with cap rates at 10%/12%/14% and such. Does anyone know how they come up with these numbers? Why would it be so easy to find deals as good as these ones? I was looking at a couple properties a month ago and these are still available. How is that nobody picked these up yet?

Thank you!