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Updated over 3 years ago,
Wholesaling Cashflowing Rental
Hello everyone,
I am currently looking into how to accurately price a rental that has positive cashflow and doesn't need much work. The portfolio I am looking at generates a positive monthly cash flow of over $1000 (after accounting for everything including taxes, insurance, CapEx, vacancy, misc. expenses, etc.). I am wondering if I would still have to get the contract for around 70% since it has significant positive cash flow numbers, as well as the fact that it is a portfolio of properties valued around 700K. I was looking at purchasing it for around 560K which is 80%, but am not sure if I will be able to get it that low. Any thoughts or advice on analyzing this?
Appreciate the help!