All Forum Posts by: Andrew Stanton

@Michael Martin, I'm thinking along the lines of @Dan H. and @Matt R.. The initial target should be at a minimum net-neutral, but more desirably net-positive cash flow out of the gate. It's just that the initial COC ROI may not look that great compared with other out-of-state locations. But a proper consideration of all the factors based on the specific location may help with a long term view on the profitability of these desirable but expensive areas.

The MLS is not the only place to find a deal, and there is a lot of info here on BP for learning other methods to find a deal, but they will take effort. You're asking the right questions. I love how helpful the BP community is! Good luck to you.

There are many more factors to look at with some of the "more expensive" markets like in California than just initial COC ROI. If you take a long term view, factoring in standard appreciation and rent increases, on top of a good value-add deal, the profit can look much better, even if it doesn't initially meet the 2% rule.

That looks great, Blake! Thanks for sharing.