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Recent content by Wayne58

  1. W

    Using CAP Rate for making offers

    Hi I am thinking of buying a fourplex for 164,000 the units are all rented with GI of 30,200, expences of 13,500 leaving the NOI of 16,700 I am trying to detrimen a fair asking price using the CAP rate { if I have it right from my reading} NOI/sales price = CAP 16,700/164,000 = 10.18% CAP...
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