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Updated almost 2 years ago, 02/16/2023

User Stats

16
Posts
14
Votes
Samuel Hailai
  • New to Real Estate
  • San Jose
14
Votes |
16
Posts

Couldn't find property with CC ROI over 1%

Samuel Hailai
  • New to Real Estate
  • San Jose
Posted

Hi all, I am new to rental business, have been listening BiggerPockets podcasts and read "Rental Property Investing" book, I am trying to start rental business, and I am looking property in multiple cities so far I tried on DC area, Dallas TX and Charlotte NC , I couldn't find property greater than 1% CC ROI, but they say it should be > 10%. I wonder where do they find property that give you >10%, from what I see mortgage payment is almost same us the rental price in most of areas if not less. I used bigger-pockets Rental Property Calculator to calculate the values, am I missing something.

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