In that sale, the sellers were elderly, sick, uncollectible, and a hefty upfront payment in exchange for a sub 2 would have actually benefited them more than an outright sale (long story).

I currently manage two single-family rentals, each generating 10% gross cash flow.

Purchase price: $284,000 Cash invested: $20,350 Sale price: $435,000 Contributors: Peter Vekselman Partner Driven, in partnership with Seth Choate, purchased a home on N Backer Avenue in Fresno, CA, for $284,000 on 10/29/2021.

Purchase price: $195,000 Cash invested: $27,200 Sale price: $259,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Seth Choate, acquired a property on Mount Vernon Dr #D in Modesto, CA, for $195,000 on 4/29/2022.

At the bottom of the email it says there’s a $250 upfront fee for the consultation.

Are you finding that the higher rates are affecting your cash flow projections or acquisition strategies?

I am trying to understand if it makes more sense to take out a HELOC to buy the 2nd property in cash or just use that for the down payment and take out a traditional mortgage.

Purchase price: $185,000 Cash invested: $500 Sale price: $234,000 Contributors: Peter Vekselman Partner Driven, alongside our partner Graham Lyster, successfully completed a deal on Pala Mesa Drive in Kingman, AZ.

It’s hard because all I want is cash flow even if it’s $500 and hold for the appreciation. 

My Wife and I are looking to purchase our first rental to start building cash-flow (typical story, building generational wealth).