Now I know what you all are thinking -- that place is not going to cash flow!

We just launched a Cash-Flow Breakfast Club for your area!

I'd also suggest self-managing your first property to maximize cash flow and learn by doing for any future investments.

Eventually, I’d like to start using the cash flow to pay myself and work toward replacing my day job income.

Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

If you’re looking to make real estate your new job and to earn cash now to use and live on like a job, then go for cash flow.

$400k equity is producing $1600/month cash flow for a return from the cash flow of 4.8%.  

Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offersDid you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?

With a 40% expense ratio, the DSCR is approximately 1.21Hindsight Critique•Continue to build relationships to increase deal flow•Property manager (Mercer Hughes) is critical to completing renovations and quick tenant placement•Continue to build relationships with private lenders and personal investors•Have cash available to make quick competitive offers

How do others manage to create positive cash flow from MF properties with debt?