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Updated over 2 years ago,
Cap rate important for triplex/4plex?
Hi BP investors!
I am moving to the DC metro area after graduation in May with plans to house hack a duplex/triplex/4plex as my first property and finance with an FHA loan! It is my understanding that these small multifamily are appraised/evaluated from comps. However, in a high cost of living area like the DMV should I also consider the cap rate for these type of properties during deal analysis? Thanks for any comments or advice.