These are the people that are also hard to gauge as far as their actual desire since they have no track record of anything REI related to relate to.What I usually do is assume they are the person with the most desire I have ever met (up to that point), and in discussion with them, I try to direct that conversation in a way to measure this. 

I like to define cap rate as a simple way to measure the cost of an income stream.Class A assets in primary markets have low cap rates.  

Cap rate is a measure of how desirable the properties are in certain markets.- Just within this thread, there are at least two posters saying "higher cap rate = higher risk".

It's not a practice that's scalable or sustainable since it can create unknown and hard to measure risk.

Cost me about 10 grand but they measure by the linear foot so it obviously depends on the size of the basement.

Framing is underway and we've got much better security measures in place this time around.

Now, sometimes the GLA on public record is erroneous, in which case the appraiser will have to reconcile their measurements with what has been recorded but usually there is a explanation for the difference.Along with the overall square footage there should also be a certificate of occupancy on file which will describe the legal use of the property.

The problem is the money given to the BBB won't be measurable.

Again...use IRR and skip the accounting measures.

That doesn't look like value at all, when the historical average is closer to 15.Stocks are not cheap by valuation measures.