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Old 11-29-2007, 09:02 PM
DesertCat DesertCat is offline
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Join Date: Aug 2004
Location: Pwned by A-Rod
Posts: 4,236
Default Re: What should I offer for an oceanfront apt. in Miami Beachthese da

Do some rental analysis and don't pay a cap cost less than 7.5%. That area is glutted, more are coming and you want to be able to handle it if rents decline. I would probably price my offer at 8.5%.
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