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Updated over 7 years ago on . Most recent reply
Nuances of Cap Rates: Black Diamond Tues June 20 Waltham MA
2 Replies
- 06/20/17 06:30PM
- Waltham MA
- Free
Disclaimer: BiggerPockets does not support or sponsor any meetups unless otherwise noted. Do your due diligence before attending any events. You may be agreeing to attend an event that includes promotion, pitching, or high-pressure sales tactics or techniques. Poster certifies that there will be no pitching of products or services at this event.
Think flipping houses is sexy? Wait til you hear about cap rates! <Yawn>
"Cap rates are a better indicator of performance than an estimator of value. "Ok, let's think about that for a sec. If true, it means that half of what we think we understand about cap rates is probably wrong, or maybe just a guess. I mean, don't you just take your NOI, apply the cap rate, and poof, instant value? No? Well explain, please.
Steve McGovern is a Founding Manager of Merrimack-Atlantic Property Group, and consults with individual investors and large corporations on site development.He is going to delve into this concept and explore some of the nuances of cap rates and asset valuations, making something that is an ever-moving target into a comprehensible tool.
You will hear:
- The 3 types of appraisals and why each is important
- Asset classes and how cap rates apply to each
- How proximity to a major city and amenities impact the rates
- How they change over time
- How the intended use of the property affects the rate
- How condition plays into the equation
- The impact of overall market conditions
As always, the presentation is interactive with plenty of time for questions. Bring your friends and plan on dinner and drinks. For those of you who are new to the world of commercial investing, here are some links to brush up on cap rates.
Who: All are welcome, free to attend
What: we have the best real estate investing networking in Massachusetts, and the highest percentage of seasoned investors. No sales pitches, no selling speakers, no multi-level marketing, no memberships
Where: Garcia Brogan’s, 240 Moody St, Waltham, MA
When: Tuesday, June 20, 2017 Networking starts at 6PM, program starts at 6:30PM