Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
New Member Introductions
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated over 5 years ago,

User Stats

2
Posts
0
Votes
Ryan Heinz
  • Quantico, VA
0
Votes |
2
Posts

Military Investor in Pensacola

Ryan Heinz
  • Quantico, VA
Posted

Hello all!

This is my first post to bigger pockets as I am a new real estate investor. I am in the Marine Corps and will be stationed in Pensacola, FL to begin flight school and my real estate investing career. 

I have been doing plenty of reading and research in the area. Since I have a couple months until I can start the real search for a property, I am using my time practicing analyzing properties as well as learning as much as I can about the area. In analyzing properties to determine if they will cash flow or not, I feel though that the margin is always razor thin ($20-30). I was wondering if I anyone could offer some advice. Maybe I using bad numbers in my calculations, or am I in need of some better deal finding skills. 

I am looking at 3BR 2Bath places priced around $100,000-120,000. I have found that the average rent is usually just around $1000 for a 3 bedroom house, barely passing at time the 1% test. Any investors in the area run into the same issue?

Thank you for your time! Excited to begin this journey. 

Loading replies...