Analyzing Deals in My Market

[Josh Salinas]

Hi everyone!

So I've been analyzing deals for the last few months and honestly am really struggling to find what seems like a good deal to me. I'm focusing on SFH's as long term rentals in the west-north west regions of Joliet, also Cresthill and Lockport. Wondering what everyone looks for when analyzing a deal. How much cash flow should I reasonably expect and what other factors do you consider most important. I try to be conservative with my numbers (generally 7% or more for Capex amd Repairs, 5 % vacancy and 10% PM) but I'm still surprised that I'm not finding anything out there. Is this just because of a hot market or am I being more conservative then I need to be?

Thanks!

[Joe Villeneuve]

Biggest mistake you're making:  Stop looking for CF you should "expect", and start looking for the CF you "require" based on the financial criteria coming from a financial plan you still need to put together.