[Calc Review] Help me analyze this deal

[Stephen Rager]

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*This link comes directly from our calculators, based on information input by the member who posted.

It seems each property I analyze they always come in at approximately $150 or less of cash flow and cash on cash ROI of 6 to 12%. Brandon recommends approximately a 12% return and a range of $150 to $200 a month of cash flow.  Looking for some insight from more experienced people.  

My goal is to find properties at approximately $150 to $200 a month in cash flow and that 8 to 12% cash on cash return starting off. 

[JoDell Walker]

Stephen, Have you found any loans for the amount in your calculator yet? I think a nice place to start is to call some lenders and ask them what their minimum loan is. At least in my market  I've realized that both Residential loans and hard money lenders don't loan less that 60-70K. You'd be better off with these numbers raising private money or using cash. 

Don't afraid to ask lenders questions (like will a pre-qualification affect your credit score) in fact, sometimes asking these questions, even if you know the answer, reveals how kind, or helpful this person is going to be. 

Also, unless you're using a hard money lender, you'll likely have to get the loan in your personal name, not your LLC. Don't let that stop you! You can work with an attorney (or even title company as I recently learned) to move the property into the LLC after the transaction.