Updated about 10 years ago on . Most recent reply
Highest CAP rate you have ever purchased.
Curious as to the highest CAP rate on a deal you have bought .... one just fell in my lap that is like ~25% .... It's insane but it's an older guy that just wants to retire said that's what they are worth to him. LOL
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Jay Hinrichs
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Jay Hinrichs
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@DJ Carroll POS MHP full of tweakers and low lifes
paid just under 100k 14 spaces one house two apartmetns... putting about 30k into it.
Gross rents right at 7k a month....
the 30k includes rehab of house and apartments and new metoring system so tenants pay for water themselves and haul 3 trailers to the dump...
Once stabilized this is a west coast ( Eugene Oregon) park it will sell for mid 300 s I am thinking
- Jay Hinrichs
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JLH Capital Partners