True that. We started at the harbor. Accidentally took a right instead of a left trying to get out. Baltimore is worse than some of the third world shitholes I've seen. Including L.A.
Europe after WW2 was FUBAR but America rebuilt it, we can and will do the same for Baltimore. Just need a leader like Kim Klacik to take the reins of Baltimore.
Europe after WW2 was FUBAR but America rebuilt it, we can and will do the same for Baltimore. Just need a leader like Kim Klacik to take the reins of Baltimore.
I've been looking for investment properties in potential up and comers. The only criteria is they must have a 10% cap rate on the books now. Easier said than done.
The cap rate is the ratio of the net income to the property value. Just for a clear example to get a 10% cap rate on a 1 million property, you would need to bring in $100,000 on net income. There are a ton of variables that are involved in net income but it is basically rent minus expenses. Most class A properties have around 4% cap rates, things get riskier the higher the cap rate, but the potential reward is obviously higher.
Buy property cheap in Baltimore now. Klacik gets elected.
Wait for crime to go down.
Make your place look beautiful.
Profit.
I don't know fren. Much of Baltimore is fucked beyond repair. Got lost in the city one night and feel like we barely made it out alive.
Can't leave the inner harbor man. The joggers can't swim and avoid the area.
True that. We started at the harbor. Accidentally took a right instead of a left trying to get out. Baltimore is worse than some of the third world shitholes I've seen. Including L.A.
Europe after WW2 was FUBAR but America rebuilt it, we can and will do the same for Baltimore. Just need a leader like Kim Klacik to take the reins of Baltimore.
You're thinking with a pre Klacik/ pre insurrection act mindset lol
Europe after WW2 was FUBAR but America rebuilt it, we can and will do the same for Baltimore. Just need a leader like Kim Klacik to take the reins of Baltimore.
I've been looking for investment properties in potential up and comers. The only criteria is they must have a 10% cap rate on the books now. Easier said than done.
Could you explain like I’m five what Cap Rate is and what 10% implies?
I’ve read up on it before but don’t really understand the practical implications
The cap rate is the ratio of the net income to the property value. Just for a clear example to get a 10% cap rate on a 1 million property, you would need to bring in $100,000 on net income. There are a ton of variables that are involved in net income but it is basically rent minus expenses. Most class A properties have around 4% cap rates, things get riskier the higher the cap rate, but the potential reward is obviously higher.
So what does 10% imply in an inner city?
Like, “hey, this building is in the ghetto but it still makes great money” basically?
I’d be worried there were accounting tricks, but I guess that’s what you mean by risky
I personally wouldn't touch any property with a large "urban youth" population now with a ten foot pole.