So it does seem unreasonable here because there's not a lot of leverage possibility right now when the mortgage rate >= cap rate? (learned that term today ;) Or at least I'd be depending on other things (like appreciation) for value.
50% operating does sound crazy high, I was thinking strata + tax + a few % for maintenance, but I guess it all adds up.
So it does seem unreasonable here because there's not a lot of leverage possibility right now when the mortgage rate >= cap rate? (learned that term today ;) Or at least I'd be depending on other things (like appreciation) for value.
50% operating does sound crazy high, I was thinking strata + tax + a few % for maintenance, but I guess it all adds up.
Any books you specifically recommend?