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Unconstitutional Patriot
Join Date: Apr 2000
Location: volunteer state
Posts: 5,620
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$96k gross minus 30% for expenses
With cap rate of 10, $672k, for starters.
What are the expenses? Have rents been raised regularly or recently? Any room for upgrades and rent increase? Any deferred maintenance? Is the tenant pool stable? Population stable? Employment stable?
"Reasonable purchase price" is dependent on so many factors.
good luck, jurgen
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