Updated almost 14 years ago on . Most recent reply
Offer Advice
I will be making my first offer on a couple of properties sometime next week and had a question or two. This will be a master lease offer (LOI). I know I will offer on the current state of the property (NOI and Average Cap rate for the area) but my question is on the lease amount I should offer? I know the lease is not supposed to be over the current monthly NOI but do I offer the current NOI or under that amount that amount to get some kind of return until the other units are rented out? Any help would greatly be appreciated.