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Updated over 1 year ago on . Most recent reply
![Amity Word's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/2116868/1694651767-avatar-amityword.jpg?twic=v1/output=image/cover=128x128&v=2)
Just get started or focus on the ROI goal?
IN YOUR EXPERT OPINION, IS JUST GETTING STARTED WITH YOUR PORTFOLIO MORE IMPORTANT THAN MEETING YOUR MINIMAL ROI GOAL IN THE BEGINNING???
I'm a new investor looking to purchase my first investment property as a short-term rental under $300K in Atlanta, Ga.
My minimum ROI goal is $12,000 ($1,000/month).
There's a pretty solid 3 bedroom house I can go after and the income potential is approx. $10K annually. But the 3 bedrooms are all a little under my ROI goal.
The income potential on a 4 bedroom house is $15K annually.
***The BIG QUESTION IS should I focus on meeting the minimum ROI goal or should I focus on just getting started with a solid property even though it's a little under my goal?
I really want to make the best of my first investment since I would have to come out of pocket for soooo many airbnb expenses.
Should I stop going after the 3 bedroom and just aim for 4 bedroom homes to meet my ROI goal?
The issue:
The 3 bedroom home we found has a solid brick foundation, good area, move-in ready, turn-key, and a good way to just get started; but it just doesn't meet the minimum ROI goal.
or
I can continue my search for a 4 bedroom home, that will meet my ROI goal. I'm worried that I could be spending more money on repairs, and that there's not enough inventory in the Atlanta market for 4 bedrooms that are move-in ready under $300K?
Most Popular Reply
![Gene Hacker's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/66599/1715714417-avatar-genehacker.jpg?twic=v1/output=image/crop=589x589@10x0/cover=128x128&v=2)
If you think you can get a better deal then don't settle. From your post, it is not easy to determine how hard you have searched for a great deal. Is this home a deal? Is it priced under the market?
If you turned over every stone and this is the best property there will likely be then go for it. If you think there is likely a better deal out there...then keep looking!