3% is a bad cap rate for most areas, even high cost California can do better than that.
If an investor gives me $5k, what is a good return?
@Elijah Glenn It depends on how risky the investment and how long you plan to hold it. In Texas for a good neighborhood low risk investment I'd look for almost double that cap rate on the calculator close to or over 6%
I want to buy flip rent.
Thank you all. I guess I need to be more accurate with my estimations. But I'm being conservative. However, I understand.