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Updated over 3 years ago on . Most recent reply

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Jim Marks
  • Huntsville, AL
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Feeling stuck

Jim Marks
  • Huntsville, AL
Posted

I'm ready to lose it tonight. I feel stuck where I'm at and not sure what to do.

I can't seem to find the properties that yield the numbers that beat the market. The best ROI I seem to find is 9%. I don't know if it's because I need to save more or if I'm listening to the wrong people. I have 10k in cash and assess to a HELOC for these efforts. But I keep thinking to myself I should just save more, so I don't use the HELOC. Another part of me says buy with what I have and get something coming in...

Thoughts?

Most Popular Reply

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1,597
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
1,699
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1,597
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Michael Dumler
  • Real Estate Agent
  • Atlanta, GA
Replied

This is hilarious. Folks frustrated about not being able to find deals 8 years ago. To my understanding 2013 was one of the most prime marktets to buy deals. ROI of 9% nowadays is a great deal in my opinion given the nature of today's market. Not to sound like a broken record, but the reality is it's time in the market, not timing the market.

To reiterate what @Andrew Freed said, every property was a deal back then if you held until present day. With that being said, many of the investment strategies mentioned still apply. Seek other markets where the numbers make sense and keep your inner circle filled with those who are always searching for a solid deal. For individuals still having trouble finding deals, I would actually counter what others have said. While cash flow may be the foundation to RE investing, as time has shown, appreciation while not a guarantee, will yield higher returns. If you're passing on deals today that cash flow $200+ per month and hit an ROI of 9%, look at the bigger picture. Hope this made sense, always happy to chat more to clarify!

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