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Updated over 3 years ago,
Is $12K A Year Worth A 25-75 Split To An Experienced Investor?
Hey BP Family!,
I had a question to you all. I found a few rental properties in Cleveland, Ohio that are in D class and C- class neighborhoods that are under $100,000 (besides one) that can produce between $7,500 and $12,000 in net cash flow annually. My question is, is this enough for an investor to want to be the cash partner in a 25-75 (where they would receive 75%) split partnership or is this too low?
As I a young person who's trying to get started in the world of real estate investing, I am trying to aim to get some sort of start before graduating college. I figured finding a deal with a decent return could be of benefit, but I also know that some people have their preferences of what a "good" deal is and where they would want to purchase.
I wanted to ask before I tried presenting the idea so this way I would know if I need to refine my search!
Thank you to those who respond!