Or at the very least call more local/regional banks.

So Cap Rate makes great sense to compare properties and get a sense of the regional market.At the same time though - I think Cap Rate - has the power to mislead a new person.A million dollar property with 8% Cap Rate is not actually going to give an investor 80K a year - not even close to it - when he has payments due on 75% loaned amount.As long as investors use the ROI to measure their true income - its more realistic.As I understand now - the Cap Rate is gives a fair idea about property's returns without its debt and costs, and so is a great tool to compare different properties.

@Bob Bowlingcap rates help me on the surface see what type of relative value there is one pocket to another before jumping in a specific region and....the cap rate is a standard forumla noi/price...if i remember correctly youve asked me about this in a previous post as well and asked me to take it a step further and PROVE to you haha here is the link im refhttps://www.biggerpockets.com/forums/616/topics/30...its just like me saying "where can i find the good pocket or value in general"  every deal is unique and has its own set of numbers, I am just looking for things to compare one to another.

They are a regional bank and have a great reputation in Missouri.

Hey everybody,I'm looking to invest in small Multifamily properties near Albany, New York. I'm looking at the various cities and suburbs and I was wondering what type of return people expect in each area. Do your prop...

I have a mgt corp and hold my commercial apt bldgs in LLCs.I sign my name as 'Agent' or by my title, Regional Manager.  

I am born and raised in the area and fairly familiar with the region.

With that being said, after further educating myself and hopefully finding a mentor in the South Florida region.

Hello Investors,I am a recently new investor in the buy and hold and wholesaling markets. I've been listening to BP's podcast for the last couple years, but for some reason never joined the website. I'm excited to lea...

I was told to stick with smaller/regional banks because you can build a personal relationship with people and that will be worth something in the future.