Cap rates come from closed sales that are analyzed by an independent professional third party.Crap rates are fictitious numbers made up by clueless individuals trying to scam newbie investors.There is no reason for you to be trying to calculate either.

About a 18 months ago I put a property under contract and assigned it to a private money lender who purchased it cash. He also paid for the rehab.

The plan was to rehab it buy it with traditional financing and rent i...

You might try pulling this same scam on some of the frauds promoting this type of operation.

They thought it was some kind of a scam as did my siblings.

Then, after taking in all the guru stuff, poor information, bad advice and note scam adverts, go talk to a finance attorney, if you have money to buy notes you have money for a good finance attorney.

Scam?

College is an utter scam for 98% of people.

I just lost a significant amount of money with a TAX LIEN CLUB that basically sold me their bad tax liens worth nothing in a state where I just could have bought the tax lien I wanted in the county of my choice.  But ...

So not sure if the "tenants" were legitimately scammed or not.

This is not a scam or a joke.