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01-10-2008, 10:42 PM | #1 |
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Real estate question
I used to know this stuff but it's been over ten years since I was involved.
What is an average cap rate for residential single family rentals or maybe a duplex? Nationwide? And Provo area? What's the best you could do if you were smart and selective in the Provo area? I'd like it calculated conservatively with realistic vacancy and rents and a fair amount towards maintenance and property management. |
01-10-2008, 11:00 PM | #2 | |
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Quote:
Is there a better area in provo to consider?
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01-10-2008, 11:12 PM | #3 | |
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01-12-2008, 12:52 PM | #4 |
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cap rates
Don't really work on single rentals. Most money made in real estate is from appreciation and tax savings. There are many areas better than Provo for the long run. Daddies of BYU students do tilt the prices. Great possibilities out ther RIGHT now.
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01-12-2008, 04:31 PM | #5 |
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So what's a decent expected cap rate right now?
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01-12-2008, 04:37 PM | #6 |
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cap rates
I've been buying real estate for 35 years and have NEVER used a cap rate on single family homes or small properties. I don't know of anyone that does. Are you looking for tax shelter, cash flow or long term appreciation. Your answer to those 3 items would determine what you should be looking for, imo.
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01-12-2008, 04:48 PM | #7 | |
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01-12-2008, 05:05 PM | #8 |
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if I did it correct,
I sent you an e-mail. Computer chat boards are not my expertise.
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01-15-2008, 06:11 PM | #9 |
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