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Updated over 5 years ago on . Most recent reply
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20% Cash on Cash Multi?
I have the opportunity to buy 3 properties from a owner retiring and selling off his properties.
7 total units
$70k a unit
$490k total
$65k total down
$20k total closing for all
Currently renting @ $800 unit
Need $40k in updating
Market rents $900-$1000
@ $900 that’s a 20% Cash on Cash return.
What are you looking for as return in your deals?
I know everyone’s strategies and goals are different, just looking to discuss.
Thank you
Most Popular Reply
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No such thing as a good or bad return....the return merely needs to be appropriate to the amount of risk you are taking on, and you have to be comfortable with that risk premium.
- Russell Brazil
- Russell@RussellBrazil.com
- (301) 893-4635
- Podcast Guest on Show #192
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District Invest Group
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