It's been less of an issue with my first two properties which cashflow at 3% interest rates, but the latest unit is cash flow negative on a 7% interest rate.

I'll be happy to meet and talk with you and explore opportunities to help you achieve your goals.

The loan is in process and through our financials and reserves we will achieve it.

It came out to $823 in expenses and in the area Section 8 is paying $11400 to $1600 a unit. I

{ARMS are a different beast again}) to achieve anything beyond a token reduction in interest paid.  

My hope is to build a strong network of like minded investors and real estate professionals that share similar goals, values, and experiences to help achieve successful REI deals!

I wanted to share the numbers and want to make sense if it's a good deal for us according to what we are looking for.Price: $450k (agent said that we can get it down to $420k)2 Units (1 bedroom in each unit)Mortgage with 3 year fixed comes up to around $2.3kInsurance and tax is roughly $400Rent per unit is $1.4k so if we move out then total rent comes up to $2.8kThere's a detached ADU (garage) that can give us another $100-$150 if we rent it for storage and there's a scope of converting it into another unit later on.So currently rough calculation says that it can cashflow up to $300 per month.

That is probably a good start to setting the goals you need to achieve to make the dream happen.

Hi, welcome and great information, congratulations on your higher education achievement.

The unit is located in South Jersey, 15 min outside of Philadelphia in a nice, vibrant neighborhood, close to amenities and public transportation.