Quote:
Originally Posted by Googam
Don't know your market ..........but as a real estate investor, manager & developer, I'd never consider a property with a penciled out cap rate of 2%. It's over priced. Your accountant is right.
|
And that property better be an A+ Class.
This is an appreciation play, correct? You are just looking to park capital. You are not looking for the thing to cash flow and throw off income, correct?
DL