Is monthly rent x's 12 x's 10 = a good basis for a selling price? Is now the time to be selling a cash cow investment?

Regards

Sonny

When I arrived I found HUGE holes in a couple of walls, various wires within the walls had been cut, and some lengths removed, 5 interior doors that had been kicked in, truly nasty carpet, dead lawn, a kitchen that a hand grenade would have improved, a hole through the sheetrock and brick where a window/wall A/C had been removed, etc, etc.

You may be able to afford to look how you want when you have arrived, but when you are on the journey, you may need to look the part as sad as it is...

After lengthy conversations with my partners, attorney, and accountant - we arrived at where you are.

In addition, since this unit has owner payed utilities, the expenses could very well be above 50% of gross rents.When I analize these deals (quick analysis), i take the max. gross rent, subtract out the "current vacancy" arriving at the adkusted gross income.

It has arrived.

I offered for a clause that if he decided to sell then we get first option and we need to arrive at a price to state in the contract.

What happens if 2.5 years arrives and the buyers are unable to get a loan?

In the eyes of our ever increasingly socialist government, I don't need the money I make.If anything does arrive I will throw it into the trading account.

Hello Everyone, there's this thing with cap rates (well checking for a properties true value) that I just can't seem to wrap my brain around and wanted to hear what some of you other investors thought about it.OK. everyone knows that the properties value is based off its income (NOI) which I got that, and everyone knows you arrive at the cap rate by dividing NOI by the Asking Price which you get the cap rate at which the seller is selling his/her property at.so my question is, isn't it a flawed pratice to analyze all deals off a 10% return/cap calculation?