Analyzing properties & can't find cash flow

[Sarah Jordan]

Hello,

I've been analyzing a ton of properties in Greenville, NC for LTR (hopefully to move into MTR) but I can't seem to find anything that will have a positive cash flow. Is that just the market right now or am I potentially doing my calculations wrong?

[Travis Provin]

Can you share an example analysis you have run? There are of course cash flowing rentals to be had but the Greenville NC market you are looking at might just be harder than others. In today's market you are likely going to have to negotiate on purchase price and obtain seller credits to make a deal work. Properties that need renovations or have been on the market for a while will likely be owned by sellers that are willing to negotiate. It's not all about their list price, offer them the number that makes your rental deal work.