Cap rates have been on my mind lately since I got hammered with a 9% Cap Rate on a refinance.
Check out the attached graphic on the impact cap rates have on value, and the time it takes to recover from a market adjustment.
It is more important than ever to stay disciplined with your underwriting. If you are unsure of a deal, reach out to someone in the community for an objective second look. It may save you from years of frustration.