Updated over 6 years ago on . Most recent reply
6-7% COCROI or can we do better?
Hey guys, I’m analyzing deals and looking for my first one to pull the trigger on. I’ve been looking around within an hour distance of my current residence. The property’s I’m looking into are 2-4 unit properties and the best I’ve found is about a 6% COCROI. Been searching for a steady month and just don’t want to get caught up in over analyzing phase and never take action. Now I know 1 month is not very much time to find a great deal but should I be even considering these 6% deals? Or should I keep my standards higher and widen my investing range to even possibly out of state deals. Just wondering what other people have done when in my shoes because I’m really eager to get my first property.