Hey BP,I am looking at 5-plex opportunity deal and was hoping for a little insight on cap rates there.The property located in 35204 zip code.Does anyone happen to know what average cap rates are at right now in that area?

Hey BP, I am looking at 5-plex opportunity deal and was hoping for a little insight on cap rates there.The property located in  35204 zip code.

Many of my projects are being positioned for the day that rates come down, whenever that happens. 

@John Jordan what’s your PM rate monthly?

According to Zillow tax calculator: 19.32% f ( tax rate  1.61)But in the description, it says one dollar! 

There're lot more beauty in this strategy to keep buying primary rather than keep buying rental (esp OOS) because you can pay off one house from other home equity within 9 years if rate is low enough and appreciation is twice than mortgage rate.

I assume these production companies have started their own financing companies and have deep pocket investors with them.We are still busy, when other companies are not, but if we were able to do our own long term financing at a lower rate than the banks than we would only be a stronger company.

If you were to up your buying box from $60k to $100k you will received much better options and rates, also much better properties and areas.

The amount is based on the assessed value of the property and the local tax rate.2.

Begin by assessing the area's overall appeal, including factors like crime rates, school quality, and amenities.