cap rates question

[Stephen Dominick]

Loopnet has been sending me lots of multi family properties with cap rates listed. Do they pre vett these properties to come to these cap rates. I know to do my own due diligence I was just wondering if any of it could be considered a starting point. Thanks.

[Jon Holdman]

Nope.  Cap rates are provided by the seller or their agents.  Rest assured your actual cap rate won't be any higher than the claimed number.