Would you invest in this kind of property

[Tommy Daggett]

A hypothetical situation being would you invest in a property with $56 dollars in cash flow and 1.57 ROI with Total Project Cost being $123,000 as your first investment? It is experience and as a new investor I feel like that is most important. Honestly, I wouldn't. I feel like the numbers are to low to justify the risk of something possibly going wrong--- and costing more money. What do you guys think?

[Nicole Heasley Beitenman]

Originally posted by @Tommy Daggett:

@Nicole Heasley Beitenman the $56 mon. is the net income after all expenses.

 Your first deal is not meant to be a slam dunk or make you rich. It's about experience. If you can put ~35% aside for PM, vacancy, repairs, and capex and THEN have $56 a month left over, I'd do it. It's an ok deal, and ok deals can become good deals when you factor in education.

My first property is my worst performer. But it's been totally worth it because it got me in the game.