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All Forum Posts by: Darryl Williams

Darryl Williams has started 1 posts and replied 3 times.

They are worth anywhere from 50 to 65 k based on the size. 2 are 3 bedrooms and the other 3 are 4 bedrooms I am cash flowing about 550 per unit.

Originally posted by @Joe Villeneuve:

What ae the properties worth?

What is the cash flow? I don't care about the CAP Rate. It tells me nothing, and it is a commercial term anyway...not a residential one.

My wife and I have been buying rentals over the past few years. We now have 5 tenant occupied homes with no mortgages. Our cap rate ranges from 8 to 12% on these units. It took us several years to get here as we were funding everything out of pocket. Now we are wanting to Scale up and get some return on our investments. We don't know where to begin I don't know If I would qualify for a commercial loan due my credit score being only fair (670) range. What would you do or advise me to do to grown my business. This is something we love to do and to see it grow.