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.

Plus they have a whole suite of features that are essential for landlords. 

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.

Townhomes are a great start because they often have lower maintenance costs and better cash flow than single-family homes.

What resources or tools are essential for conducting thorough market research?

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

Interest rates and insurance premiums are breaking some deals.For your cash flow estimates you should double or triple your estimate for insurance and see if the deal still works for you.

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