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What is a cap rate?
It’s not uncommon for real estate experts and gurus to throw around complicated lingo and industry jargon that is rarely explained for a new investor.
New investors hear a term over and over and over again, making them feel like they should know what it is, and they even feel like they kind of do, but it was never fully explained to them.
A cap rate is one of those popular terms.
Abbegail breaks down exactly what a cap rate is and how you can use it when house hacking. Check it out here.
The Everything House Hacking Team