All Forum Posts by: Account Closed

I was also taught the 2% rule for multi-family investing. The current problem with interest rates below 3% is the enormous amount of capital that is now chasing yields. I'm in Idaho, in an our area SFR do not even get close to 1%, most are around 0.5%. Most newer quads are priced 700k+ and typically rent for about $1300 per unit, so they are running about .75%. I agree with other posters that the MidWest may be the only opportunity to purchase a quad for 200k, however, some of those areas have net out migration, so it's only a matter of time for rents to start to decline, and decline drastically for less desirable rentals.

Instead of purchasing a quad outright, you may get better returns investing in several syndication deals where economies of scale can help you. Just my .02

@Mike Smith, thank you very much for sharing. I see similar trend here in Central Florida where investor are okay with parking their capital for less than 5% ROI. I guess it is better to earn 5% than lose 3% or 4% for inflation

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Hi,

I have been working for the past 5 years to purchase my first deal. I have been paying debt, saving money for DP and CC. I live in Orlando and I am having difficulties finding a quad for less than $665,000 that will produce 1% or more in rental income.

Do you may know an area where I can find a quad for $200,000 or below that can bring maybe 2% in rental income?

Thank you for sharing!

Jose

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Hi Leah, is there a possibility to register for the rookie bootcamp?

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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 4 times.

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