Rental Property Investor · Lakewood, OH · Member since 2020 · 1 post · 0 votes
I’m in a fairly hot market (prices up 51% over the past decade). Finding deals is not easy here. I’m curious what people’s thoughts on a minimum cash flow for rental properties should be? So let’s say the piti is $1000...
Plymouth, MI · Member since 2013 · 13k+ posts · 19k+ votes
6y
Whatever your REI plan says it needs to be based on the current date in your timeline. The answer will very depending on the REI's plan, and will also very depending on the timeline.
Rental Property Investor · Lansing, MI · Member since 2019 · 9 posts · 9 votes
6y
We heard a lot of numbers when we started investing like $200 for a "good" deal, $400 for a "great" deal or "home run." That's how we originally started looking at investments but as we got into it more, we made a goal of how much cash flow we wanted long term and then made a spreadsheet to calculate how many months it would take to get there, changing different factors like down payment amounts, cash flow, etc. to see the effects on the timeline. As of now, our magic number is $280 for acceptable cash flow and to keep us on track with our long term goals.