Small Axe Podcast

Episode 247. Stop Chasing Cap Rates: What Brokers Aren’t Telling You About Real Expenses


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You’ve been lied to about cap rates. Brokers flash shiny cap rates in your face — but behind the scenes? Fake numbers, hidden expenses, and looming CapEx tsunamis. In this episode, Nico breaks down why cap rates mean nothing without context, how to spot broker tricks, and what REALLY matters when buying multifamily deals. Stop chasing fantasy returns — start underwriting like a pro. Stay sharp, stay dangerous, stay Small Axe strong.

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Small Axe PodcastBy Nico Salgado

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