@Karolina Powell, if you are going to make investment decisions based on someone saying a small market property is worth a 6-8 cap rate, do I have some things you will want to see...Everyone should have a general rule of thumb, and Austin may be correct, or he may be way off.Mixed use can be hard to value in any area unless there are other trades.  

The investor may have access to lower rate/fees Hard Money; to be a more competitive buyer with little to no contingencies; property may be need to be rehabbed and after adding value may be doing a cash out refinance down the road.

I am wanting to do a cash-out/refi on a property CRA is auditing my 2022 taxes, bank won't initiate an application if taxes show owing. 

Purchase price: $750,000 Cash invested: $26,250 I helped my clients find and purchase a fixer duplex to serve as their starter home.

Can you get a loan or pay with cash?

All have a generally cheap barrier to entry and have potential for cash flow.

Economy of scale kicks in and they cover each other and still leave cash flow.

The Midwest and Southeast are popular for cash flow.

And let me tell you, doing your research is just as important as wearing sunscreen at the beach.When you buy or sell real estate, you have to do a lot of study to figure out how much the property is worth and how it looks.

Hey all, we recently did a cost seg & bonus deprecation on our STR for about $180k worth of deprecation.