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Updated almost 8 years ago,
Gross potential Income
Hi BP,
I just found a property where the the Cash on cash ROI should be more or less 10% according to the numbers found on the listing. That being said, I am skeptical about the income stated, as most of the listings I viewed indicate "Gross Potential Income" instead of effective income. Would it be out of order for me to simply contact the selling agent and ask for the effective income followed by proof or should I have an agent contact the seller's agent.
Also, can you please tell me what other questions I should be asking and points to look for?
Thanks in advance.