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Joshua Allan's profile image
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Joshua Allan
  • Member since Sep 10, 2021

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Joshua Allan's profile image
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Joshua Allan
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Joshua Allan
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Buying & Selling Real Estate

The perfect real estate deal?

Joshua Allan
Posted

Hello BiggerPockets community:

I have been advised to seek out the following investment opportunity. I'm curious to know how likely I am to find such an opportunity and where the best chances to find it might be in the current market environment:

- Cash flow: $400-$600 / month

- ROI: recover down-payment in 5 years with cash-on-cash return of 14-20%

- Cap Rate: 8-12%

- Market: High rental demand, stable employment, projected growth area.

- Customer: Mid-class, stable job, family-oriented, income between $40k-55k / year, 20+ working years remaining

- Taxes: local and city taxes should not be exorbitant

- Location: Landlord-friendly states only. Preferably bible-belt states.

Your honest opinion is much appreciated!

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Don Konipol's profile image
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Don Konipol
  • #1 Innovative Strategies Contributor
  • Investor
  • from The Woodlands TX / Avon, CT
  • Member since Jul 24, 2009

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Don Konipol's profile image
Don Konipol's profile image
Don Konipol
  • #1 Innovative Strategies Contributor
  • Investor
  • from The Woodlands TX / Avon, CT
  • Member since Jul 24, 2009
Don Konipol
#1 Innovative Strategies Contributor
  • Investor
  • The Woodlands TX / Avon, CT
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Don Konipol
#1 Innovative Strategies Contributor
  • Investor
  • The Woodlands TX / Avon, CT
Replied
Quote from @Joshua Allan:

Hello BiggerPockets community:

I have been advised to seek out the following investment opportunity. I'm curious to know how likely I am to find such an opportunity and where the best chances to find it might be in the current market environment:

- Cash flow: $400-$600 / month

- ROI: recover down-payment in 5 years with cash-on-cash return of 14-20%

- Cap Rate: 8-12%

- Market: High rental demand, stable employment, projected growth area.

- Customer: Mid-class, stable job, family-oriented, income between $40k-55k / year, 20+ working years remaining

- Taxes: local and city taxes should not be exorbitant

- Location: Landlord-friendly states only. Preferably bible-belt states.

Your honest opinion is much appreciated!

It represents an ideal purchase in these times.  Would be very difficult to obtain without a relatively high risk
  • Don Konipol
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Private Mortgage Financing Partners, LLC

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