I recently made the leap to a pro membership here as I've been immersed in the complexities of real estate number crunching. The pro tools, especially the rent estimator, have been an incredible asset! Despite my efforts, though, I'm encountering hurdles in generating positive cash flow from the properties I've been eyeing. It often seems like I'd need an additional $400 to $500 each month just to break even.

While I've explored various strategies from podcasts, like "driving for dollars" and chasing off-market deals, the reality of being based in Europe makes these approaches impractical. My focus remains on the New Tampa/Wesley Chapel and Lakeland areas due to certain preferences and prior investments.

Our priority lies in long-term rentals, particularly newer properties or new builds, given our limited availability due to W-2 jobs and other real estate commitments in Europe. We're leaning towards single-family homes, preferably with a 3/2 configuration. Starting with a budget of $180k and an annual investment capability of around $80k after the first year, our aim is to acquire at least one additional property every year after for the next 2 to 5 years. Ideally, to start, we're targeting two properties with a 25% down payment for the initial purchase ($350k with 25% down), ensuring some positive cash flow considering the various income avenues long-term rentals offer.

Given our lack of income in the USA, DSCR loans seem to be our best bet. Despite thorough calculations, we've struggled to identify a property meeting our criteria while still ensuring (a small) positive cash flow.

So, here's my question for the experienced investor and realtor among you:

Is it still feasible to purchase a fairly new or new built property in a good location, making a 25% to 30% down payment, factoring in all costs using the rental property calculator, and achieve a break-even or a modest cash flow of $100 to $200 per month?

I'm curious to hear your perspectives. Are we perhaps attempting something that's just not attainable with current home prices and interest rates? What adjustments could we make?

Your insights and experiences would be incredibly valuable. Thank you in advance for any guidance or advice you can offer! 🏡💡

Regards,

Petronella

Tampa, Florida

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