Purchase price: $330,000 Cash invested: $40,000 Hey everyone, I wanted to share a personal story about a property I purchased and renovated in Hudson County, NJ.

Do these generally have good cash flows?

Let’s break it down.Self-Managing Your Chicago House HackPros of Self-Managing✅ More Cash Flow – Property managers typically charge 8-12% of monthly rent.

I recall a deal where I was offered a cabin for $230K cash.

Imagine making millions of dollars over the course of your career and then having to pay 30-50% every year to uncle sam instead of compounding that cash over time.This is exactly what real estate professionals have learned to mitigate.To reduce their taxable income, they just buy a building every year, do a cost seg, and use depreciation to reduce their tax liability dramatically.Their personal wealth snowball grows much larger and much faster than their W2 counterparts who give most of their money back to the government each year.Following this strategy as a real estate professional is one of best ways to end up with a much larger net worth at the end of your career.

Best I can tell all in all we about 3X cash on cash over 5 years.infil lots depending on lot we could double our money in 9 to 12 months cash on cash.. so on and so forth.

Cash How did you add value to the deal?

That creates a really nice price / rent ratio which is favorable for investors looking for cash flow.

If your goal is day-one cash flow, the current high interest rates will make it very difficult.

If you're looking for cash flow you can easily make $300/mo net on a single family property in a better neighborhood/condition.