@Jai Thompson Current rents are reported to be a total of $7720 with the performa rents rated at $8550. Current HUD rates in NJ are at $1520 a month. This would raise the annual income to $109,440 from $92,640. Minus the reported expenses of $23,326 = would leave an NOI of $86,114 up from the reported $69,314. So I think, and correct me if I am wrong, if the rents can be raised over time to the current HUD prices than the valuation of the property will go to $1.11M or so at a 7.7 CAP rate. How would I calculate a current offer based on a 10% CAP rate. I think an offer of $680K would put me in that range as it currently stands. Any suggestions

@Jai Thompson Thanks for the feedback. I appreciate you

Hi Charles, I live in Woodbury Nj which is about 20 minutes away. I would love to connect and see if I can get you some help on your deal if you still have it. If not, lets connect anyway.

@Michael Scott if I am honest, I don't know where to start. Im in south jersey and want to stay in this area.

What type of information is discussed in these workshops every Tuesday?