looking to buy a newer single family or condo to lease out as an investment with good cap any sugestions,help

Asked by John Kour, Fri Oct 5, 2007

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Deborah Madey, Agent, Brick, NJ
Fri Oct 5, 2007
Hi John,
Most residential agents who know the history, trends, market activity, comps and local buzz won't define proeprties in terms of cap rates. Commercial properties are defined by cap rates, and therefore commercial agents will be knowlegeable. Residential agents qualify properties differently. You might meet a great residential agent who has terrific command of the market and not speak in terms of cap.
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