Understanding this only happens in areas that historically appreciate.

Lets also not forget that rates right now are low historically so I don't think I can really count on rates in the 3's to ever happen again when I'm analyzing deals but one can hope. 

@Nishil Kothary Most of New Jersey is undervalued right now as based on historical price-income ratios.

They actually are still historically low, quite low, in fact.

Hello all,Are there any str owners in the Crestline/ Green Valley Lake/ Running Springs area that can share their historical occupancy rates for the past year or so?

Purchase price: $330,000 Cash invested: $50,000 Sale price: $476,500 Quick turn of a massive historic house downtown.

I had NFCU call me out on it, I transferred deed to LLC for the purpose of selling some historic tax credits, they called me in a few months and asked if I had sold the house and they would call the loan if I did not gift it back to myself.

@Abigail Dickinson, Given the historically low cost of money and probability of inflation to come the best position is to have as much long term debt as you can. 

P & L Historical's are going to be asked for on both the tenant and building, 2-3 years should be available.

If they cannot make it out, take pictures of all the items that you think you will need to repairs, come up with your own estimates, and ask you GC/PM for feedbackVacancy: based on the market and the historical vacancy.