Nice to meet you. Wanted to do a quick intro on myself. Looking for networking and mentorship opportunities within the DFW area and to learn from all of you.
My goal: Build portfolio of SFR doors in DFW area with a target of 15% COC ROI and long term hold. Ideally would keep the portfolio as passive as possible because I'm still working full-time. My stretch goal is 3 doors by end of 2021.
Thanks ahead of time and looking forward to network with you all.
Randy Ng wrote:Build portfolio of SFR doors in DFW area with a target of 15% COC ROI
Build portfolio of SFR doors in DFW area with a target of 15% COC ROI
Welcome to DFW Randy!
Achieving 15% COC return is hard to do in this market. Everyone is asking way high prices. Deals are out there, but few and far between and there is a lot of competition. Keep your chin up and stick to your numbers. Buy only when it's right.
Neil Aggarwal Property Financing, LLC
Thanks Neil, I'm seeing that is the case. What is a more realistic COC ROI? I'm seeing roughly 0-3% is a once in a few months opportunity if I factor in PM costs, turnover rates, and maintenance/capex for a turn key property.
Randy Ng wrote:What is a more realistic COC ROI?
What is a more realistic COC ROI?
I'm not seeing anything worth buying right now.I think that is going to change soon once all these eviction/foreclosure moratoria begin to expire.
Welcome to DFW REI Club, Randy! Feel free to give me a call to chat about possibilities.
It looks like our goals align nicely:
I would love to speak with you more. Text me with a good time to call 404-933-1000
1600 Hurst Town Center Drive • Hurst, TX 76054