All Forum Posts by: Patrick Murray

Travis already hit on Ohio, and having lived in and invested in Dayton I can attest that is still accurate. NC, where I currently live and invest, is another area where you can still find great returns on investment for under $200k. The issue with COC returns is it is tied to how much cash you put into the investment so you can have people who are finding creative ways to put very little money in the deal and then claiming it is a home run when in reality it could be much more complicated.

Also, you mentioned you started off interested in STRs but moved your attention to multis. The problem with that is so has everyone else. Finding multis that still have value is very hard in my market and surrounding markets without finding motivated off market sellers.

Welcome to BP and best of luck on your RE investing journey!

Thanks so much for the response! In regards to how much cash put down, I’m assuming a 20% down payment on a conventional loan with no more than $5k worth of improvements needing to be made on purchase. With that being the case, would Dayton and parts of NC hit 20% COC return?

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Quote from @Michael Clark:

Pennsylvania has some great markets for this. Specifically Scranton which has a 400 bed hospital (Geisinger) as well as 2 additional hospitals within a 10 minute drive. There are several colleges in Scranton as well (Most notably the U of Scranton). I'm an agent here and my clients have been getting 15-20%+ COC returns when putting down 20% on properties.

Thanks Mike! Could you DM me some cash flow reports from some of your clients please? Would love to check out Scranton!

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Hi all!

Things my first post on BP and I’ve loved geeking out on all of the different posts and different investing strategies.

I started my search believing I’d get into STRs but now multi-family units are the most appealing to me for my entry to this world.

Are there any markets that are getting true 20%+ COC returns for you all? I've been digging deeper into St. Louis and haven't found any yet once you factor in water/ sewage/ trash expenses. Starting to look into Cleveland too!

If so, please share what area and what your COC return is. Thanks so much!!

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All Forum Posts by: Patrick Murray

Patrick Murray has started 2 posts and replied 13 times.

Post: Best COC market for under $200k purchase price?

Post: Best COC market for under $200k purchase price?

Post: Best COC market for under $200k purchase price?