Posted by DAN on June 29, 2004 at 20:46:00:
WHAT SHAPE IS IT IN, HOW IS THE AREA,THE DEMO. 50% SHOULD BE EXPENSES,LOTS MORE WORK THE LOT RENTALS,IS THAT COUNTING A MANAGER? IF NOT YOU HAVE A JOB, HAVE YOU EVER BEEN A LANDLORD.THATS A 16% CAP. RATE THATS GOOD I WOULD SAY THE PARK MIGHT NEED WORK AN THE AREA DEMO. NO SO GOOD. IF NOT IT SOUNDS LIKE A GOOD DEAL.