Real Estate Deal Analysis & Advice
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago on . Most recent reply
How do you find cap rates in an area?
Looking at a complex with a cap rate of 7%-- how do I find the cap rates of other similar properties in the area? Sellers embelish these numbers....
Most Popular Reply
Brian Burke
#1 Multi-Family and Apartment Investing Contributor
Pro Member
#1 Multi-Family and Apartment Investing Contributor
- Investor
- Santa Rosa, CA
- 6,908
- Votes |
- 2,283
- Posts
Brian Burke
#1 Multi-Family and Apartment Investing Contributor
Pro Member
#1 Multi-Family and Apartment Investing Contributor
- Investor
- Santa Rosa, CA
Talk with brokers that are actively selling similar properties. They'll have their finger on the pulse of the submarket better than any published report. Check Loopnet for other nearby similar listings and call the broker and ask about their listing and what they are seeing in the market. Then pop the cap rate question. Bonus: you'll have another set of eyes that'll keep you in mind when properties matching your criteria come to market.