Analyzing & Buying Rentals

[Mandi Baxter]

So 2 questions about rentals:

1st, I haven’t purchased any rentals yet but I have had a few come up to analyze and when I analyze them they always come up as negative cash flow. Am I doing something wrong or is it just part of that finding a lot of deals that don’t work out before you find a good one?

2nd, I have only purchased SFH but I am looking into multifamily and I heard about Crexi and found a lot more properties than what's on MLS. I also recently heard them mention on the podcast that when you get into larger multifamily you don't have a buyers agent. I know this is kind of big question but how does that process work? Any references for where to learn more about the process?

[Billy Daniel]

Cash flowing rentals are a struggle to find in the current market (some markets more than others).  As interest rates rise, they will become even more difficult to find.  Save for a large down payment and search for properties in need of some work.  

Realtors will post their properties for sale where their customers are looking.  Commercial agents will post on things like Crexi and Loopnet because thats where people looking to buy large properties are looking.  They wont bother with small local MLSs because that limits their visibility.