Help with calculating a good deal
Hi all
I am beginner and looking for my first deal. I have been listening to the BP podcasts and have downloaded a few spreadsheets to determine COC and Cap rates, but when i use the following criteria that i heard on a BP podcast to eval a MF, i have yet to find a positive COC, or marginal COC! (i live in NJ and have been looking local, but have also tried some in other states)
I use the following criteria below- any advice to adjust the numbers would be helpful...thanks
| 10% repairs & Maintenance |
| 5% vacancy |
| 7%Capital expenditures |
| 10% management fees |