Tag
investor-education
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Cash-on-cash vs cap rate for multifamily investors
Cap rate measures a property's income relative to its price, ignoring financing. Cash-on-cash return measures what your dollars earn after debt service. Use cap rate to compare deals; use cash-on-cash to confirm your financing works.
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Equity waterfall in real estate: how profits split
An equity waterfall in a real estate JV sets who gets paid first: the investor's preferred return comes before any profit split. Kallpa structures direct equity co-ownership deals in Kansas and Washington, not pooled syndications.