Starting Real Estate Investment Group
Hello, a business partner and I are looking to start a real estate investment club that focuses on bringing undervalued properties up to par and then either renting them out or flipping them. We would like this to eventually replace our 9-5 income within 3 years. So we will need to ramp up quickly in order for this to be accomplished.
We have committed 50K each to this project, but being from San Francisco, that doesn't go very far. We are looking for CAP Rates of between 8-12 , and would love some advice on what areas people are looking at to find yield like that? Or projects that might be available to rehabs.
Cheers