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Updated over 3 years ago,

Aaron Tank's profile image
Aaron Tank's profile image
Aaron Tank
  • Real Estate Agent
  • from Tampa Bay
  • Member since Aug 23, 2019
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Aaron Tank's profile image
Aaron Tank's profile image
Aaron Tank
  • Real Estate Agent
  • from Tampa Bay
  • Member since Aug 23, 2019
Connect
Aaron Tank
  • Real Estate Agent
  • Tampa Bay
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Buying & Selling Real Estate

Justifying Low Cap Rates in Hot Areas of Florida

Aaron Tank
  • Real Estate Agent
  • Tampa Bay
Posted

 Hi BP community,

I am looking to buy multi familys on the West Coast of Florida. I am having trouble because it seems unlikely I can find something meeting the standard BP numbers of 1% rent and 10-12% cap (Turner's recommended cap, I believe). The area I'm looking in is hot with high density and little land left to develop. Is it justifiable to buy with a 6-8% cap in these areas? 

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