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Updated 5 months ago on . Most recent reply

User Stats

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Oscar Francis
  • Flipper/Rehabber
  • Marlton, NJ
3
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4
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Building my rental portfolio

Oscar Francis
  • Flipper/Rehabber
  • Marlton, NJ
Posted

Hello, I currently flip homes and I'd like to start buying rental properties, is there a current formula I should live buy when barrowing funds to purchase?

  • Oscar Francis
  • Most Popular Reply

    User Stats

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    Bob Stevens
    • Real Estate Consultant
    • Cleveland
    3,685
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    Bob Stevens
    • Real Estate Consultant
    • Cleveland
    Replied

    Yes, make sure when all said and done your return is what you want. For me its 15- 20% NET. Now when you say "I should live buy when barrowing funds to purchase?" Well if its from a bank you do not have any choice. If HM, you also will not have much negotiating until you do several Its typically 35- 40% down 12 +  points,

    Good luck 

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