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Updated almost 6 years ago,
Adjusting NOI on multi family (apartments)
Hi BP nation!
I was listening to a recent BP podcast And heard Michael Becker say something about adjusting NOI in this market with a little bit more compressed cap rates. He said "every dollar I drive to NOI is 20 to value"....and was saying it in relation to increasing NOI on multi family vs single family.
Anyone able to break this down a bit more for me? Thanks in advance!