James WisePoster
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The Numbers Are Insane. The Tenant Situation Explains Why
James WisePoster#4 All Forums Contributor
#4 All Forums Contributor
- Real Estate Broker
- Cleveland Dayton Cincinnati Toledo Columbus & Akron, OH
The Numbers Are Insane. The Tenant Situation Explains Why
During the 2,974th episode of The MLS Search & Analysis Show, James Wise breaks down a rental property with eye-popping projected returns—but the existing tenant situation explains why investors need to look far beyond the spreadsheet. With rents sitting well below market, major upside may be available through gradual rent increases, future turnover, and eventually stabilizing the property with Section 8 tenants, but getting from today's income to the projected numbers could take time, money, and experienced management. This is a perfect example of why a massive cap rate can be real while still carrying very real operational risk.
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