Where Have the CAP's Gone?

Not talking about headcovers or the bicycle guys downtown. We're talking capitalization of investment properties. The desired return from investment real estate purchases are in the 8% range and less depending on the property type and tenant credit. Wow! So is that good news? Well it's great for seller's, but can create a timid market fluctuation for the short term.

The good news for a second tier city like Birmingham, is that rates are lower in many other urban areas all across the country. Therefore, many of the investors are not local. Great for realtors! We have significant value added service by marketing to investors from many diverse markets.