All Forum Posts by: Chris Lemons

Thank you for the responses. @Ryan Vienneau, @Kevin Buckley, @Account Closed. You both bring up a good point in regards to looking at cash flow. The reason I look at ROI is because I like to compare what I'm getting to what I could be getting in other forms of investments.

What have you found to be an acceptable level of cash flow? Are you looking for just enough to break even covering costs of larger expenses and satisfied with building equity and appreciation value? Curious to hear your thoughts on this.

Hi all,

I've been reading around BP for a while now but this is my first post. I am moving away from Albany within a year and am debating whether or not I should keep a 4-unit property I have. It is in a good neighborhood and I have had no problems keeping it fully rented.

My total yearly ROI on this is 9.5% but would drop down to 5.2% if I were to have a property manager take care of it. However, I would continue to build equity and benefit from rising home prices in Albany.

If I were to keep, there are probably some bigger expenses I need to make soon including new roofing and possibly decking. I am also unsure about the risk of being OOS with a PM taking care of it. I would love to hear some of your thoughts on this.

Thanks,

Chris