@Brian Bertschi I see this is your fist post so welcome to BP.First 6-7% is not bad historically.

If you would like to wow him with your knowledge, it's your first deal and his fist deal with you, then I think putting more time into this would be preferred.

The fact that the property makes money hand-over-fist, and the current investor is leaving (for unknown reasons?)

Hi bumping so hopefully someone can help :)

Back when I worked in the auction industry we used this exact language in MLS listings: The list price shown is for auction purposes only and is not an indication of value.Here the auction company is attempting to generate interest and create a competitive post-auction offer scenario (guess who they want to see bump up their offer).

He just mentioned that with the new leases that have been put in place, the NOI would receive a significant bump up.

@Daniel Brown Client bought a property with the intention of bumping it up and out based on his contractor's figures.

I got my fist place that way when they offered 100% financing.

Hi Martin,I recently have bumped up against this as well.

I want to offer less than the asking price to help the numbers but at best it will bump it to .8% rent ratio and cap rate I don't see it going past 5%.