Flip #2 in a series of 3 blogs: 35% return in 36 days
5849 Baker Street, Mexicantown Detroit ~ Sometimes you win because you’re in the right place, at the right time, and you move faster than the competition.
If you’re going to invest in Detroit real estate, you’ve got to know the terminology that comes with it.
Cap rate is a complicated concept, but basically it means your Return on Investment, or ROI, for a particular property.
