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Updated over 7 years ago,

User Stats

4
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0
Votes
Kenneth Nedwed
  • Real Estate Agent
  • Santa Clarita, CA
0
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4
Posts

Deals seem to easy to find

Kenneth Nedwed
  • Real Estate Agent
  • Santa Clarita, CA
Posted
I have one rental, and I have done one flip. I learned a lot from those deals, but I am new to investing. I am spending hours looking. I am finding several deals for buy and hold rentals that come up in growing markets. Using the BP Rental calculator the cash on cash ROI is coming over 18% at almost list price is this common? I found one at 43% ROI but it was pending by the time I called. I am assuming around $30k for new carpet, paint and cosmetic repairs. I am looking on zillow for like local rental prices. Other numbers I am getting published information. I have used 4% for repairs and another 4% for capitol expenditures (more than what I saw on the example webinar). I am trying to be conservative with all my numbers. At this point it seems like I just need to find more funding to purchase more properties. Is there anything I am missing or a rookie mistake?

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