AMA - Should I Buy That High Cap Rate Building?
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Linda from Katy Texas asks:
\\n"I\\u2019ve been considering buying an apartment building in a depressed area with the hopes that I can fix it up and increase the value significantly. Even at today\\u2019s rents, the property is being marketed as a 10% cap rate property. I can\\u2019t seem to find properties that deliver that kind of rate of return in a more desirable area. Why would I pay that much more for a property in an expensive area and get a lower rate of return?"
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