All Forum Posts by: Corby Goade

Without knowing your town or the details, the cash flow on this deal sounds pretty fantastic. Assuming that tenants are in place and paying those rents, you would have approx $1600 per month in positive cash flow on a property that you acquired with no money down for $50K- sounds like a great deal to me. Of course this doesn't account for repairs that might need to be made, as you mention above. Even if it needs $50K in repairs, you'd still be looking at positive cash flow in the range of $1250 per month. If the area isn't great, the challenge is in good tenant screening, not the financials from what I can see. 

I would love to participate in any meet ups in Boise in the future. Count me in!