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Updated almost 12 years ago on . Most recent reply
What is a 'deal' to you? What returns do you want/get?
I was reading a response on another topic and the comment was " that's a 42% return on investment. That's not a terrible ROI."
I thought to myself, 42% isn't terrible? I'm getting 20-25% ROI on my rentals and I thought I was doing good. I've only been at this for a year now and thought I was doing quite well.
Are you really getting returns >40% on rentals? What is your target ROI you look for when making purchases?
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It is very very variable especially when dealing with different locales. One mans trash is another mans treasure.
I think it is more important to ask yourself- Is this acceptable to me for the amount of effort and energy I have to put into it? Does it balance out"? Does it fit with my goals?