All Forum Posts by: Adam Wallen

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

Any thoughts on this analysis would be greatly appreciated. I'm working on getting experience using the calculators for multi-family units. 

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

So apparently everyone has a different idea on what is an acceptable cashflow, I'm seeing anywhere from $100-500+ per door in this thread. Here is my question... Don't the responses drastically depend on each investors situation, or perhaps length of time in the REI business? I guess what I'm getting at is, if acquiring your first rental property where you can't put a significant % down on the property, but can still cash flow something like $200/mo and have ~20% equity in the property up front, wouldn't everyone consider that a good starting point?

It seems like where you are at in your REI career plays a huge role in whether a property makes sense to add to your portfolio.

@Trey Gase

Welcome to BP! I’m a new BP member as well, located in the Grand Rapids area. Let me know if you are ever up here and would like to meet up sometime!

Adam

@Philip McCleary wow is this legal? Seems to be a great situation for an investor if you can find these tenants!

@Jim Tassoni welcome Jim! I'm in Grand Rapids as well... I've been learning everything about REI that I can, just haven't taken the plunge yet on my first property. I'm planning to focus on single and multi family homes for buy and hold.

Please let me know if you’d like to meet up for coffee or a beer one of these days so we can chat!

Thank you,

Adam

@Kath Marie hell of a job! Very happy for you and jealous at the same time ;)

@Alexander Felice “...Contractors are awful, find a good one and marry them, until then it's kinda like finding a wife on tinder.” Lol love that.