I was looking at a house in Beacon hill last week that had a great GRM and a solid cap rate.

@Matthew Orton $55 seems overpriced, I’m pretty sure the agent is not spending 1h on the phone for each complaint… You can probably renegotiate with your PM or at least get it capped per month.

Here are the details:Buy in cost is 100k which would max out my HELOC @ 4.4% variable, with option to fix the rateApartment Details:Plan to hold for 10 yearsFirst 4 years Cash on Cash (pre-refinance): 8%Average Cash on Cash for 10 years: 12%Purchase Cap Rate: 8%Total Return on Original Investment (Cashflow + Sale): 134.46%Annual Cashflow Average: $7,500Refi cash returned after 4 years: 62K10 year IRR: 14.6%Equity Multiple: 2.34

I asked my attorney to request seller to remove oil tank and seller came back that they're prepared to remove oil tank and remediate any contamination but requesting to buyer (myself) to contribute 50% with a cap of 5K.

page=LoadVirtualDoc&BookmarkID=6536) that capped increases to the SEV annually to the lower of 5% or the state's Cost of Living increase.

I am trying to build Cap-Ex into the financial model.

The 1031 exchange is primarily used by smaller, private investors (ie. middle class), removing it or severely capping it will remove an upward mobility tool.

Since this is a first property, I'd like to play it a bit more conservatively, which (I think) is why the cap rate of 4.79% is lower than ideal.

The “cost basis” is a little complicated, but essentially you’ll owe taxes on....1) the depreciation recapture and cap gain you deferred on the sold property, plus2) depreciation recapture and cap on the replacement property you are now selling.Remember, a 1031 simply Defers reporting of the gain.

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