First time real estate investor - help with expectation
I am looking for a multi family property in San Antonio TX now for a couple months , I am using bigger pockets.com calculator to calculate CoCROI and cash flow, I am aiming 10% CoCROI the first year, is this too high a ROI to find ? What ROI and cash flow is everyone looking for ?
Thank you in advance
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You probably aren't finding 10% COC in any major texas metro... Those days are long gone in any city that many investors are looking to buy in. You should be able to hit 4-6% in SA if you find a good deal.