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Updated over 2 years ago,
New and Confused about ROI
Hello! I've been lurking for a couple months now, watching countless videos, and trying to absorb this brand new real estate/ investing language.
Long story short, I'm a travel nurse currently working in Texas. Sold house in California and looking to invest a portion of that cash to get started in real estate investing. I'm drawn to Lubbock, Texas at this time and looking at single and multi-family units for LTR's. In the future, I hope to get into STR's that appeal to travel nurses given the strong medical presence there. Currently, my goal is to diversify assets for retirement and build wealth.
Question: Every time I use tools to analyze a property, the ROI seems so low (4-5%). I feel like I'm doing something wrong. Is that a normal/ decent rate? Give up on the area? Watch and wait?
I keep hearing the biggest part of getting started is analysis paralysis and it's been nothing BUT true for me! Any tips would be appreciated.