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COC Question-How to calculate?
To calculate Cash On Cash return, lets say I buy a property in 2022, I rehab one unit and the following year the other unit. Am I too calculate 2 COC's, one for each year. Or is COC only used in the year the asset was purchased? If I only rehab one unit, the first year, it could make my COC look good but is that a false positive?
I think I know the answer but this is the place I get answers!