All Forum Posts by: Jonathan Khachatryan

I recently started in real estate investing and I have about $250k cash. My goal is to generate $5k/month cash flow. Is this possible? I bought 2 SFHs so far, but should I be looking into buying an apartment complex instead?

What sorts of things should I be aware of buying a SFH vs apartment complex?

Do you think that house I mentioned was a bad deal?

Hello all! I recently started investing in real estate in suburbs of Detroit. I purchased 2 properties so far, one for 70k and another one for $59k.

I'm an out of state investor, and I have an agent and a property manager (both same person). My long term goal is to generate $10k/month cash flow through rental income.

I financed both properties for 30 years, but here's the thing:

My first property is rented for $900/month and I was thinking it will be cash flowing $250/month after paying the mortgage, property taxes, insurance and %10 property management fees. However, my calculation didn't include %10 vacancy and %10 maintenance fees. If I did include those, my first house is cash flowing only $70/month.

I was thinking I got a good deal with the first house since I was cash flowing $250/month, but when I add in maintenance and the vacancy, it sounds like a bad deal ($70/month). What do you think?

If I own 30 SFHs, do I still need to include %10 maintenance fees and %10 vacancy for each house, or would it make sense to set aside $500/month for all of them?