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Updated almost 4 years ago,
Trouble finding cash flow + single homes
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.