Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 16%
$32.50 /mo
$390 billed annualy
MONTHLY
$39 /mo
billed monthly
7 day free trial. Cancel anytime
Real Estate Deal Analysis & Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 23 hours ago on . Most recent reply

User Stats

37
Posts
19
Votes
Chad Clark
  • Investor
  • Mancelona, MI
19
Votes |
37
Posts

Profitable, but boring. Debating.

Chad Clark
  • Investor
  • Mancelona, MI
Posted

Ok, I found this little apartment triplex thing. It's nice. It ends up being a 23% ROI, 1.33 Debt service ratio, and a 53% total ROI including appreciation and amortization. It's soooo boring. I mean, yeah, the numbers work and it makes me like an extra $651 a month. Not too shabby really, but I really see no way to do a forced sweat equity of any sort. There's no real improvement I can make. I usually BRRR things. It's got new kitchens, baths, AC, and even a new septic from what I heard (haven't checked it myself yet). Heck, it's even got long term renters on month to month leases. It's decent, but that's it. I really hate dumping 20% down (40k) into a deal that doesn't have some sort of "wow" factor later. Am I just being super greedy or should I hunt for that "holy crap" deal?

Loading replies...