I would wager its greater than 50%... don't know for certain of course .When I was HML to TK buyers prior to 08 my borrowers were 98% LA based..

In fact I can comb the past sales and I would wager I cant find a single deal of reasonable size with that yield in the last 3 years.If that is the case your example changes.

@Brian Wagers thanks!

In a previous post you mentioned you have never spoken to a landlord that had a suit so large their umbrella didn't cover it, I'd wager if you talked to that guy you couldn't say that anymore. 

I would wager that yours looks something like that. 

One thing I would wager on is that it will be expensive.

Curious to hear everyone's thoughts on if this has a chance of passing:Biden’s proposed tax hikes could be a ‘double-edged sword’ for real estate — what homeowners and investors need to know - MarketWatchI'd wager that if the 1031 goes away completely (not likely) that cash-out refi's become the new defacto method of freeing up invested capital.

There are, I would wager to guess, a lot more markets just like mine in the Rust Belt.What you've got going on in your market is slightly outdated wiring, and yes, it can be corrected in a pinch for pennies.

I'd wager that: Rents will continue up.

Essentially, the wager would be that the state, its capital, and the surrounding areas make a comeback in the next couple decades.