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Updated over 5 years ago on . Most recent reply
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What do you consider a good net profit or home run?
What do you consider a good net profit or " home run" ? I'm thinking of selling. I know that there are many variables such as ROI, COC, time/duration, percentage, CAP Rate, etc.
Looking for a number dollar figure. I would say that $100k is a good round number.
Terry
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No good way to answer this question. In my current situation or ideal one? In someone else's situation? In general? I wouldn't consider making $100k a home run if it was a $100 million deal.
Me, personally, I consider anything a home run that wildly exceeds my expectations for the property, assuming my expectations were reasonable to begin with. That might mean making $10k on a property that was an expected loss based on market timing, unexpected costs, etc.
- JD Martin
- Podcast Guest on Show #243
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