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Updated over 3 years ago on . Most recent reply
What RIO are you looking for?
Hi. When you are analyzing a deal (house, condo, small multifamily) what % cash on cash are you looking to get?
I have 5 doors and my average cash on cash is 12%
I have a friend in Europe, he has 30% :) so he thinks 12% is way to low.
Kristian
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
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#1 Short-Term & Vacation Rental Discussions Contributor
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- Greer, SC
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
Pro Member
#1 Short-Term & Vacation Rental Discussions Contributor
- Investor
- Greer, SC
I buy things so cheap I don't need to pull out a financial calculator.
I recently bought a condemned house for 12k, fixed it up like new. Total invested about 50k. Just rented for $1100 / month.
My deals are so great that I don't have to run the numbers to verify the deal.