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Updated about 3 years ago,
Noob Real Estate Investor - next steps after initial analysis?
Hello My Fellow Investors:
I have been analyzing deals and crunching numbers on MF properties. However most of the times, properties aren't cash flowing at all after this initial analysis. In some cases either property has too high expenses which eats up most of the Gross Rent Income and NOI number is where might have to put money out of pocket resulting in negative cashflow. Unless, down payment is more than 20% like between 30-50%, then property might cashflow. But I still see these properties being scooped up in a day or two by people.
Is there anyone out here who can assist or mentor on follow up steps or information that I missing to make the numbers work ?
- What to do if the property is negative cash flow after initial analysis ?
- If property cash flows $100/ door, then make an offer ?
- Even if I do end making an offer at the list price, someone else ends up buying that property over asking price. How does people make that property cash flow ? Am I missing some pieces of puzzle ?
Open to feedback / responses from all you out there.