All Forum Posts by: Kevin Christensen

That sounds like a liability to me.  I'm new to this world, but everything I've read/listened to/etc at this point says that breaking even should be the bare minimum.  Is there an upside on the value of the property through rehab?

Enrique,

I'm new to this as well, but assuming there is no major defects I can't see how that couldn't be a good deal.  The mortgage on that house at full price would be around $1400.  So unless there were major things you're forgetting, like property management, insurance, etc. that would add up to a lot, or its in a really bad area and it would be hard to rent it, I don't see how it wouldn't cash flow.  Hopefully someone with more experience than me will step in for you. Good luck in your journey!

BP Members,

Let me start by saying this is an amazing wealth of knowledge.  I found the Podcast recently and made my way here today.  My business partner and I own 5 retail stores.  We currently have around 200k cash at our disposal.  We are and have been in the process of educating ourselves to be real estate investors/flippers/landlords.  We did most of the build outs for our stores ourselves, so we are very handy.  My question is this:

We planned to buy a 2-4 unit to start out.  But I quickly realized with 200k we can easily pick up a 50-70 unit, maybe more property.  Is it too crazy to go big right out of the gate or should we just go for more doors if the numbers make sense?