All Forum Posts by: Dan Guerin

@Immanuel Sibero

Hi Immanuel,

Thank you for the information, I will take a look at it today. Also the reason why I am worried about the contract is due to the fact that I am wholesaling this contract. I want to make sure that the contract that I am marketing is true to its numbers and I am not over exaggerating the cap rate to my investors. I am just trying to get a feel on what I should add/take out, because what I am finding (for instance @Michele B.) is looking for other things to be add in, while some people just want to know the price, rental income, expenses, and taxes. Just trying to find a happy medium.

We just recently put a 6 unit under contract and have lowered the price to 105K, the rent a month is $3025, the expenses are $726.42 (Gas and Electric), Taxes last year was 2700 (year total),  the property is fully occupied, and each unit would need to be turned over after occupants move out (adding to your cap rate due to rent being lower that the average in the area). I have attached the link to our contract:

Cincinnati Property

I'm pleased to offer this contract for a person that is looking to produce a 19% cap rate. The 6 unit is already tenanted where the rent is cheap and could be raised to make the cap rate even higher. We are asking 125K for the contract. Please follow the link for further information:

19% Cap Rate