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Updated 2 days 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?

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