What are the Buy and Hold price points in Hampton Roads?

What are the Buy and Hold price points in Hampton Roads?

Flipper/Rehabber · Jacksonville, NC · Member since 2015 · 21 posts · 4 votes

What are the most common numbers used when evaluating your rentals? Per door, percent rule, cash on cash return? I'm looking to get a minimum of $250 per door and investing in only multi units. Is that realistic in this market?

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  • Real Estate Agent · Slidell, LA · Member since 2017 · 208 posts · 267 votes
    9y

    Dennis, 

    Welcome if you really look you can get deals, but you will have to repair them down the road. I am in the process of buying two. 200 dollars a door is my minimum. Right now I am getting about 300. Good luck. Analyze, ask questions, and get a good realtor.

    Cheers,

    Johnny

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