To Cap Rate or Not to Cap Rate?

[Guido Sanchez]

Hello to all. Please provide feedback on prioritizing the numbers in the calculators.

- Is there a website or tool to help real estate investors find the average cap rate in a neighborhood or City?

- Should I concentrate on ROI? (Which I think is more important)

- I would assume the Cap expenditure is greater in C and D areas. How much extra conservative should it be? Is there a website or tool for that?

My understanding is that it all depends on the class of neighborhood. I am trying to stay in the D+ transitioning to C, all opportunity zones in New Jersey. My focus is to purchase M/F apartments in Paterson, Passaic, and selective parts of Newark. Possibly look into the C+ areas are Clifton, Garfield, Plainfield, Fairview, Lodi, Hackensack.  

I am currently working on a list for wholesalers in the area to send me properties. The goal is to be on the top of each wholesalers list.

- Can a wholesaler please provide an example of what a buyer usually asks?

I look forward to hearing what you all have to say.  

All the best.