Cash Return or $$$/door, First Deal
Hello All,
My wife and I are new investors, currently living the DC area (military) but looking to invest in our college town of Lansing, MI (Anyone out there?)
We've analyzed a handful of multifamily and a couple SFH and found that I can get a cash on cash return of 20-30% but would only clear about $100-$150/door. In everyone's experience, should I keep looking for a better cashflow or be happy that I can get a higher ROI?
Also, Winter Is Coming, how hard is it REALLY to rent out in the winter?
Prices are about $40-$60 with rents around 500-700. Am I overanalyzing?