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All Forum Posts by: Bhavin Patel

Bhavin Patel has started 1 posts and replied 2 times.

@Travis Biziorek long term plan is buy & hold. I was referring to a turnkey investment with tenant already placed & 30% down with interest rate in high 5s. I'm not big on cash flow. I was just more concerned as everyone talks about that you should atleast make 6-8% CoC on any investment property. And a lot of the turnkey investment I'm seeing they hardly hit 4% after all expenses and mortgage.

Also I'm not sure if Memphis is truly an appreciating market being high crime city per data or I am just overthinking too much being first time trying to invest out of state and doubting myself.

Would you buy your first out of state investment if it's barely doing 4% CoC on the initial investment especially Memphis area?