What do YOU look for?

[Eric Hamm]

I'm new to MF investing. I've heard the SFR guys and gals talk about what they must see in a deal in order to pull the trigger - for instance:

I've heard people say, any deal I'm looking at MUST:

* Have $200/month minimum cash flow

* 12% Cash on Cash Return

* Must meet the 2% Rule

Etc....

I'm curious, when it comes to MF (and apartments specifically), are there any minimum requirements you all are looking for in a deal?

I sincerely apologize if this question has already been asked and answered on the forum.  I looked, but couldn't find it...thus this post!  All responses are welcome!

[Jason D.]

Talking strictly numbers, I don't care about anything but cash flow. I buy distressed properties and use the BRRRR method so my COC is always infinite because I never have cash invested. I like to see $250-300 minimum after all expenses. Now, in my area to meet that goal, anything under the 1% rule will automatically not make the cut. 1.5% is about where I need to be in order to get the cash flow I need, depending on property taxes (which range from $3500 - $8000, depending on town).