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RE: ScaredyCatGuide to Real Estate - Buying Right For Cash Flow (Revisited)
Excellent breakdown of the most important numbers for assessing a property. If only Aussie investors understood the importance of positive cash flow.
How much is your typical deposit (as a percentage of purchase price)? How difficult is it today to get your 8 to 10% CoCR?
I usually do 20% down as I don't like paying PMI and want to have some equity from the bat. Of course, this is when I have the money to do so.
As for the Cash on cash, 8% has become very difficult to find in South Florida. I have started looking out of State where you can find higher returns.
It's amazing how the market in Florida has bounced back. I remember Fort Myers was one of the most depressed cities in America.
Yes, the rebound here has been insane. Wish I'd of started buying in 2011 as opposed to 2014. I'd be retired ;-)
We are fully priced now, in my opinion. Regular Joe's are struggling to be able to afford a home of there own at our current market prices.