All Forum Posts by: Eric Hassfurther

@Caleb Heimsoth, @Omar Khan, @Andrew Herrig - Thank you each for your responses!

A few follow up questions...

1) Caleb - when you meniton your 8-10% return, are you talking IRR or Cash on Cash?

2) Omar - I have seen your name all over bigger pockets and I always love reading what you have to say. Your analysis makes sense. If you are looking at a property in a lower appreciate area of DFW what CoC return would you be looking for at minimu. And the revers as well.... if in a high appreciation area, what CoC return would you be looking for? And yes, I would love a recommendation to a local investory friendly realtor. I have met a few so far who claim to be, but the follow through hasn't been great from their end.

3) Ryan - yes, wholesalers are a great source. I'm definitley connected in with a number here in the area. Regarding a 15-17% CoC return, that's pretty impressive! Also, with being able to pull cash out on once stablaized! Have you been able to find those deals in DFW recently, or more in years past? If recently, do you mind me asking what areas you are looking at?

Everyone, thank you again! I'm loving bigger pockets and the community here!

Hello everyone - I'm newer to Bigger Pockets and this is my first post! 

Here is my main question, and then I will give you more context below: 

 - When looking at potential purchases for SFH rentals in the DFW area, what are YOUR minimum requirements for IRR, Cash on Cash, and monthly cashflow? 

More background information in case it is helpful: I spent the first part of my career in the small business "startup" world, and I recently sold my latest company (B2B Saas field). Anyways, with the sale of the company I now have a good amount of capital to invest. Historically, I have invested mostly in the stock market, but I've really spent some time learning more about RE investing, specificallly on the SFH and small MF side, and I'm thinking this would be a good place to deploy some of my capital (if done correctly of course!). I love the long term wealth building potential that can be found in rentals when done in a smart way.

I have learned a ton about deal analysis and so I feel capable of analyzing deals, but I was really curious what some of the more experienced investors are using as their thresholds to sepearate the "good" deals from the "run of the mill" deals. My mind thinks in terms of IRR, and Cash on Cash, so those numbers woudl be super helpful as well! I obviously don't want something with negative cashflow, but since I won't need the cash to live off of, I'm not as concerend with this number as I am the other two, as long as it's positive.

 I'm open to purchasing a property turn key, or to buying something that needs a bit of work up front. The up front work doesn't scare me since I have a trusted friend who owns a residential construction company and I know I can get great labor rates from him. In fact, buying something that needs a bit of work may allow me to pay cash, renovate, and then refinance and pull out a large portion of the capital I have invested. 

Thank you all in advance. I look forward to hearing what everyone has to say!

-Eric