Updated almost 12 years ago on . Most recent reply
MIAMI CONDO DEAL IS SWEET BUT SHOULD I PULL THE TRIGGER?
I need your advice BiggerPockets! We just received a Miami Fl. deal on a seaside apartment & condo combination. Which is selling for 17-million, while producing an NOI of $ 798,798,550 a year. Which has caused our calulations to come out to the 246-units only being worth approximately $7.8 million. Which would be at a 10% cap rate. We are prepared to make our offer at 10-million, would you do this, and wait on your return on cash?
BIG DECISION HELP!!!!