Practice interviews

1. Does a higher market rent mean higher cash flow next year?Read the rent roll before the headline NOI
2. NOI is positive. Why does the property still need cash?Keep capital costs below NOI
3. What happens if the interest rate rises before closing?Test debt against the weak year
4. How much of the return depends on the exit cap rate?Make the exit price earn its place
5. Would you buy Willow Industrial at $16m?Check the model against the property