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FO
@flipped_out
BRRRR·1w ago
Baltimore Buy
FO
@flipped_out
Equity 283·Posted 1w ago
Purchased a small apartment in Baltimore, 6.5% cap rate, in-place rents 15% below market, planning renovations to increase value
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Purchased a small apartment in Baltimore, 6.5% cap rate, in-place rents 15% below market, planning renovations to increase value
Congrats on the purchase. I'd caution on appraisal assumptions, how much actual capital came out after rehab and what's the projected exit cap rate?