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.

@Linda RobertsDid they sign a lease agreement for the new lease rate?

- Lower rates.

I use a broker, they do the leg work and since their interest is in my success, as opposed to an insurance sales person who's only interest is making commissions.

Beasley, successfully completed a quick flip on Robinson Ferry Rd, Macon, NC.

With rates high, it's harder to cash flow when you house hack now, especially if you need a larger unit.

I'm willing to bet dollars to donuts they pay below market rates.

Congrats on the success of far.

This only applies to the investment portion of the property.Holding period: The length of time you've owned the property affects whether gains are taxed as short-term (ordinary income rates) or long-term capital gains (generally lower rates).