What are you seeing for Cap Rates?
What are you seeing for cap rates on SF/ Townhome rentals in your area?? I haven't been seeing many deals that have been exciting me lately and I have one on the table at ~ 7.5%. Very safe B neighborhood without much work needed, easy deal but not super exciting for me. Prob 10-15k extra in equity after rent prep. Any thoughts??
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Jay Hinrichs
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Jay Hinrichs
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not to be picky but you don't use cap rate for SFR type properties.
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