[All You Can Analyze Weekend]

[Nate Shields]

We almost pulled the trigger on an offer for this one. I'll fill you in on why we didn't and why we were ok with (slightly) negative cash flow.

We ran pretty conservative numbers but were unsure of exact rent numbers for that particular neighborhood. We looked on Zillow and Rentometer to get an estimate and came in $100 less than what Zillow said. After contacting our property manager for a full analysis, they determined it was actually an additional $100 less than our estimate. Zillow said $1,600. We used $1,500. Property manager said $1,400. 

This is why it's so important to rely on your local experts!

We were ok with the negative cash flow if all other metrics were right because we'd be buying the property at a deep discount and have immediate equity, likely enough to BRRRR or close to it.

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