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What returns do you look for on rentals when paying cash?
Hello BP community, I just wanted to get an idea of what a good deal looks like when paying cash for a residential rental property?
I understand the numbers behind a good property when financing it, but I wanted to see what other investors would expect to see from a rental purchased with cash?
For example, if you paid cash for a house at $100,000 and it rented for $1,000 a month, would this be a good deal to you? If not, what price would make this a good deal?