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Aaron Maghen's profile image
Aaron Maghen's profile image
Aaron Maghen
  • from New York City, NY
  • Member since May 24, 2020

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Aaron Maghen's profile image
Aaron Maghen's profile image
Aaron Maghen
  • from New York City, NY
  • Member since May 24, 2020
Aaron Maghen
  • New York City, NY
0
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4
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Starting Out

% COC return for first deal

Aaron Maghen
  • New York City, NY
Posted

Hello everyone :)

So @BeardyBrandon always talks about how he wants 10-12% COC return from a rental property. I am a newbie investor and looking to close on my first rental property in the coming months. Should I have the same rule?

My main focus right now is to be a sponge - soak up and learn as much as I can about REI. I am very passionate and have tremendous drive. That being said, should I consider a lower return for the purpose of gaining knowledge and experience? If so, what percentage should I settle for?

Feel free to PM, happy to chat with anyone.

Thank you in advance.

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