All Forum Posts by: Siddharth Parekh

@Noah Chappell - I am not an agent, I will need to ask around in my friends circle to see if there is one. Thanks for the info. 

@David Barnett - awesome! Thank you for the direction. 

@David Barnett - thanks. I am guessing MLS is a website for property listings? I googled it and found one, but not sure if it's the same thing. Noted about 0.85-0.95% and cash flow. Thank you.

@Noah Chappell - thank you. So for instance, let's say we put 40k down on 200k for the 20% DP, so 8-10% cash on cash would mean $3200 - $4000? Am I interpreting it correct? Noted about $150/ unit/ month. I don't know what are BRRRRs, can you please elaborate. It appears you are based in Minneapolis, would you know of a good resource to view available properties? Thanks again. 

@David Barnett - I see. Any idea what would be a good % to aim for in the Twin Cities? More realistically at this time.

@Ned Carey - thanks! That's great advice for a beginner like me. Too much information to glean through. 

@Adam Tafel - thank you. Where would be a good resource to look at such properties in the Twin Cities? 

Thank you, Will. So if a property is $200k, then monthly income should be close to $2000, correct? That's considering mortgage, interest, taxes and fees etc. 

That helps a great deal. Thank you. 

Hello

Is there a thumb rule to determine if a rental apartment or home deal is good? What should be considered a good return % wise, let's say in Houston, TX or Minneapolis, MN or Chicago, IL. 

Thanks

Sid