Excited to start Investing

[Kaelyn Hearn]

Hey everyone,

I've been thinking about getting into investing for some time now. I'm trying to figure out whats the best strategy for my situation. I'm 31 years old and a single mother who wants to build wealth (cash flow). I've been doing research on owner occupied multi-family properties (duplex) as my first investment. The area where I live is to expensive so I've been looking in Pierce County (Puyullup). Any advice???

What should i be looking for as far as how much cash flow and the cash on cash return?? 

[Andrew Johnson]

Kaelyn Hearn I'm in the same boat as John Mathewson when it comes to targeting a 10% cap rate. That said, not all 10%'s are equal. You mentioned that you're a single mom. As a parent, I know I don't want any of my multifamily investment properties to need a new roof when my child is 18-22. So if you're a buy-and-hold investor you do have to make sure the property in its entirety makes sense. If a property you like doesn't hit a 10% cap rate, come up with the number where it does and you at least then have a target purchase price.