Sunday, March 4, 2007
Interest Rates and Cap Rates
There's a huge difference between a 7 cap rate deal and a 7 cap rate deal. It's timing. The cost of money has a huge impact. If you are borrowing at 6.25% or 5.75% for example. Case in point today vs. 1 month ago. Rates are down sharply and savvy investors should move quickly before they pop back up.