Is 10 % Cash-on-Cash return a pipe dream in Greater Seattle?

[Suyash Singh]

Hey BP Humans! I am a new investor in the Greater Seattle region and have been doing some market research. I'm looking to buy properties that give at-least a 10% Cash-on-Cash return with 25% down on a conventional loan. I've been looking for a couple of months on MLS and have not found a single one that meets that criteria (single/multi family or condo). Is a 10% CoC return a pipe dream in Seattle/greater Seattle or am I doing something wrong? Any guidance would be super helpful. Thanks!

[James Dainard]

Quote from @Suyash Singh:

Hey BP Humans! I am a new investor in the Greater Seattle region and have been doing some market research. I'm looking to buy properties that give at-least a 10% Cash-on-Cash return with 25% down on a conventional loan. I've been looking for a couple of months on MLS and have not found a single one that meets that criteria (single/multi family or condo). Is a 10% CoC return a pipe dream in Seattle/greater Seattle or am I doing something wrong? Any guidance would be super helpful. Thanks!

 Hey Suyash,

It's not impossible but you have to be creative like others in the thread are saying. Typically your scope of work will have to be something that other investors aren't willing to take on.

Have you considered hard money at all? The leverage would increase your return on the right project.