All Forum Posts by: Bisrat Arega

Thank you everyone for your input. It's really helped me better understand how COC is somewhat elusive and how the creativity of the deal can greatly influence it. From what I understand, I want to house a hack duplex with lipstick rehab nothing too major and use forced appreciation. Or find a split level with an unfinished basement. Thanks all again, this community is truly great!

@Brandon Sturgill Thank you for that. right now I'm working on getting pre-approved. I'm close but not quite there yet so I don't have any hard figures for you. I'm looking to qualify for around 450K. I have close to 25K saved. the 12% COC return is a figured I snagged from watching Brandon Turners video here...he says these numbers work anywhere you are, but my thing is how the heck can I get 12% in the greater Seattle area and surrounding. I guess I'm not sure how to analyze a deal that works for me if IDK what returns I'm looking for, in other words, I wouldn't know a good deal or a bad deal if they smacked me in the face!

I'm confused about the numbers. Specifically, what a reasonable COC ROI for a first-time buyer? I'm not handy and cannot take on a massive rehab. It seems like if I buy at the retail price my COC return will be negative. Looking to get a better understanding. I watched this video from BP and IDK how I would secure 12% COC return in this market. I live in King county looking to buy in South King CO, Pierce or up north.

Thanks!

HI All, I'm a 27 year old software sales professional looking to learn more about whole selling real estate. I would like to join a whole selling company or team in helping acquire and sell deals so I can gain some experience. I'm willing to put in the work to learn and don't need much if any compensation at all.  I'm passionate and eager to get into real estate , my long term goal is to buy and hold but in the meantime I want to increase my knowledge and skill set in real estate. I'm located in Seattle WA but can work virtually. Thanks

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