- Real Estate Consultant
- Cleveland
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So who is still buying rentals there .
Hello all, over the last 10 years I have seen net cap rates go from 25- 30% down to about 10% as pricing has more than doubled or tripled in the Cleveland markets. So, who is still taking advantage of the double digit returns and how has your experience been?
I am currently doing a SF BRRRR and It looks like we will be getting between an 15-18% return. Not a smash, but better then most other investment vehicles.
- Real Estate Consultant
- Cleveland
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Quote from @Nicholas Misch:
I am currently doing a SF BRRRR and It looks like we will be getting between an 15-18% return. Not a smash, but better then most other investment vehicles.
Hi, you mean your cash on cash after refi right ? I would find it hard to believe you are getting 15- 18% NET caps on all cash purchases. But then again I see your from there, so maybe you are just like I am :) All mine are not less then 20% net caps.
Quote from @Bob Stevens:
Quote from @Nicholas Misch:
I am currently doing a SF BRRRR and It looks like we will be getting between an 15-18% return. Not a smash, but better then most other investment vehicles.
Hi, you mean your cash on cash after refi right ? I would find it hard to believe you are getting 15- 18% NET caps on all cash purchases. But then again I see your from there, so maybe you are just like I am :) All mine are not less then 20% net caps.
LOL, yes good catch. I meant 15% CoC and since we decided to turn this one into an Airbnb, after the separate set up costs the return can be indefinite.