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Jacob Miller
  • Rental Property Investor
  • Ohio
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What calculations determine success?

Jacob Miller
  • Rental Property Investor
  • Ohio
Posted Jul 2 2019, 12:43

I am a relatively new investor and looking for mainly buy and hold, cash-flowing properties. With that being said, what are some methods and calculations that a veteran investor would use to determine if a property is worth the time and money?

PLEASE SHARE ANY INFORMATION YOU MAY HAVE, WHAT WON'T HELP ME MAY HELP SOMEONE ELSE

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Alexander Felice
  • Guy with Great Hair
  • Fayetteville, NC
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Alexander Felice
  • Guy with Great Hair
  • Fayetteville, NC
Replied Jul 2 2019, 15:09

I need to own for all-in cost of 75% of it's comps 

I try to buy something so ugly that people's fear of it will create disproportionate margin against what the repairs cost

Is the area in actual population growth or is it stagnant? This tells me how much I need to buy on appreciation versus cashflow. 

I want to buy at a higher price::rent ratio than the zip code average.

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Jacob Miller
  • Rental Property Investor
  • Ohio
9
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21
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Jacob Miller
  • Rental Property Investor
  • Ohio
Replied Jul 2 2019, 15:27

@Alexander Felice This is invaluable information, I appreciate you sharing! Will definitely take it all into consideration.

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Bill F.
  • Investor
  • Boston, MA
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Bill F.
  • Investor
  • Boston, MA
Replied Jul 2 2019, 15:31

Your definition of success will drive most of the metrics you use to measure it.