The Numbers Work Out... (according to the listing) - Now what?!

[Drew Lied]

Hey Guys,

I've found a few properties which meet my cash flow requirements (over $100 unit) with 8% vacancy/repairs/capex and 10% property management costs with over 12% cash on cash return. Starting out, I'm still skeptical to move forward. What are the next things you all do to make sure you'll be able to find good tenants and that its a good area?

Thanks!

[Cameron Tope]

@Drew Lied I agree with @Nicole Heasley Beitenman - what are your suspicions? 

Are you familiar with the area? If I run the numbers and they meet my requirements, and it's in my area, then I buy it...

You may just be getting cold feet since its your first deal. Mitigate your risk by not putting all your cash into the deal and running it by someone else with more experience (maybe in the forums?). 

You'll have to pull the trigger at some point! Best of luck!