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Updated almost 4 years ago,

User Stats

746
Posts
967
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Jeremy H.
  • Rental Property Investor
  • Lafayette, LA
967
Votes |
746
Posts

Trouble finding cash flow + single homes

Jeremy H.
  • Rental Property Investor
  • Lafayette, LA
Posted

I'm a current homeowner and new investor - I keep running into an issue finding cash positive single homes. 

First off - Primary reason I am interested in single homes is I believe they will be easier to sell in the future

I've ran the the Biggerpockets calculator on rental homes and a few others and even with "cheap" homes (<140K) I am having trouble getting them cash flow positive. 

Screenshots from a recent calc I ran (I continuously run into this issue):

I've been looking at houses in the 120-140K range in the area that I live. I can put 20% down no problem...the issue is getting these cash positive while charging a competitive rent rate. I will have to have a property manager initially just due to my lack of experience and that I work out of the country for weeks at a time. 

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