The man is brilliant and often invites guests to pen their thoughts.http://www.2000wave.com/Mauldin said in an audio speech that he thinks long term FRM (fixed rate mortgages) will go to the 4's of necessity.

As fewer people are able to buy, the pool of tenants goes up.

With a quad, you still have four sets of tenants, four leases, four vacancies to fill, four possible eviction.

Unfortunately these type of government hands outs are abused more often then they are used for good.Time to end the free ride for some people.

I am not a believer in most of the silly guru advice that is often given on "goals".

Nobody else, though, had all the stars in alignment and made a fortune from that opportunity.The black swan is more general, and deals with how events we don't control often have more impact on our lives than the things we do control.

That being said, investors often pay for the anticipated benefits of ownership, including rental rates.

Chris thanks for the info, chris i also found out that my thoughts were correct.there is no set value, the value of the property is based on what makes sense for you to achieve your investment goals (that's it).some will say to not rely on the cap rate for your purchase decision (which i agree), but to use it to compare to other similar properties that have sold in the area, which is actually not reliable because 1. there will be less comparables, 2. how properties were purchased vary from deal to deal, 3. the inner workings of most transactions are confidential.so the best way to analyze a deal (while using cap rates) is to add your financing terms into the picture (principal + interest and etc) and calculate what the deal is really worth to you.see the normal NOI/Asking price = cap rate is based on if someone were to pay all cash, this is the return they could expect first year, but paying all cash for a property doesn't happen all that often (bank funding will be use for a large portion of that cost).so i found the best way to use this formula and analyze my deals is by look at all factors but also including my financing terms with my desired return objectives into the picture to get a proper view and value to me.

The best commercial lenders are often small, local banks that hold their loans in their own portfolios.

Typically max LTV of 70%, and often a minimum of six months or a year of ownership.