Live Webinar: Chicago Overview & Turnkey Properties: SFR & 2 Flat
6 Replies
- 07/12/16 06:03PM
- On Line Webinar 6pm PDT (9pm EDT)
- Free
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Would you like to own rental property in the #1 most diversified economy in the U.S.?
Would you like to own rental property in one of the most powerful economic cities in the world?
Would you like to own rental property in the city that just set a record-breaking year with over 50 million annual tourist visitors!? (Sources: ChicagoWorldBusiness.com and NBC News)
Welcome to Chicago, Illinois!
Join us Tuesday night for a live webinar event which will include a private buying opportunity for off-market Chicago properties with special terms that are not available to the general public:
 | Webinar: Chicago Cash-Flow Properties Time: Tuesday, July 12th at 6pm PT (9pm ET) |
Chicago is back by popular demand, and this time you'll have access to a whole new selection of Chicago-area rental properties. This webinar will feature both historic 2-flats in the city and suburban single family homes in the Chicagoland area.
Learn why Chicago has a highly advantageous market for real estate investors right now, especially at this current moment in the local Chicago property cycle.
Deal Highlights:
- Fully-Renovated Single Family Homes and Historic 2-Flats
- Tenants and Local Property Management in Place
- $150,000 Average Purchase Price
- 8% Average Cap Rate
Join us for this Private Buying Opportunity Webinar.
Time: Tuesday, July 12th at 6pm PT (9pm ET)
Originally posted by @Larry Fried:
8% Average Cap Rate
Webinar: Chicago Cash-Flow Properties
Time: Tuesday, July 12th at 6pm PT (9pm ET)Join us for this Private Buying Opportunity Webinar.
Time: Tuesday, July 12th at 6pm PT (9pm ET)
Larry. Can you explain how you calculated this 8% average cap rate and its importance to an investor?
I didn't calculate it, but those who did, took the average projected rental income minus monthly expenses, including 12% for soft costs (vacancy & maintenance) to get the NOI. That x 12 divided by the average purchase price is the average CAP (which is certainly rounded off).
hahaha! welcome to our bankrupt city/state where more people are leaving every day.
Originally posted by @Larry Fried:
I didn't calculate it, but those who did, took the average projected rental income minus monthly expenses, including 12% for soft costs (vacancy & maintenance) to get the NOI. That x 12 divided by the average purchase price is the average CAP (which is certainly rounded off).
OK, even assuming the numbers are correct why are you advertising it and what do you hope an investor gets from that information?
Bob, it is essentially the anticipated cash on cash return if buying all cash, and it is there for comparison to other potential similar investments (SFR and small multi).
Originally posted by @Larry Fried:Bob, it is essentially the anticipated cash on cash return if buying all cash, and it is there for comparison to other potential similar investments (SFR and small multi).
Larry, "anticipated"? by you the seller? Why would a buyer/investor be interested in your number?
And could you walk your potential investor thru the process of "comparison to other potential similar investments"? I don't see how that could be accomplished.