I love cap rates – they’re a great way to screen multi-family buildings when you’re trying to narrow down your list. They’re also good for using as a frame of reference. For example, I talked to an apartment buyer in Southern California last week and told him we’re looking at cap rates in the 9-11% range here, while they’re in the 4-5% range there. But where they aren’t useful at all is in the actual…
Tag: michigan real estate investing
Michigan Real Estate Investing TV: Scotch and Cigars-the Perfect Mastermind
Who are you meeting with on a regular basis to bounce your ideas and strategies off of? Will they tell you that you’re full of crap if you are?
Michigan Real Estate Investing TV: How to Chain an Anchor to Your Leg
How do you make a small fortune in real estate? Start with a large one and invest in Flint!
Michigan Real Estate Investing TV: Because it’s FLINT Nancy – That’s Why!
As much as I HATE confrontation, :)) I caused a ruckus in one of the landlord forums that I participate in when I got tired of all the complaining from people that bought rental houses in Flint and then complained about Flint being Flint.
Michigan Real Estate Investing TV: DON’T Pay Your Mortgage on the First
This is a cash management tool that we’ve been using in our business for years.
CasMichigan Real Estate Investing TV: It’s ZERO Risk and 100% Occupied!
In normal markets risk and reward are in an unbreakable relationship. You want higher returns? Then you take higher risk. But the real estate market here in metro Detroit is not a normal market – external factors are acting upon it. And that has put the risk-reward relationship out of whack here – such that you CAN get higher returns without taking on more risk. IF you know where to look. What are you doing…