1ST 4PLEX

[Lee Spencer]

Hello,

My wife and I are starting the journey of becoming landlords.

We have the approval letter from the lender.

We have the 25%-30% ready to put down.

We have the area in mind and property ready to see.

We have a realtor.

What we don't have are basics and I'm sure there is a lot to learn. I'm looking to see what kind of ratio we need with the property to make it a good foundation to build on (good investment). It seems that there is not too much positive cash flow in properties we have looked at. Maybe just enough to maybe cover all the cost of ownership except for our time. Thoughts?