Challenges?

Challenges?

Challenges?

One of the largest challenges we are currently facing is determining an area to focus on. 

Here's the challenge - $200/door/mo in cash flow is much different on a $120,000 duplex with 2bd 1ba configuration that rents for $725/door/mo with a 25% DP of $30K - that's $400/mo x 12 = $4800/yr. $4800/$30k = 16% COC.

Any of our northern neighbors closer to the border run into this challenge? 

“He who asks is a fool for five minutes, but he who does not ask remains a fool forever.”Sorry if it is coming off as Dumb or silly but I mainly ask questions to LEARN and engage with the community of investors My statement was playful, yes I would contact lawyer if I needed one.

A little about me/Current location: Lahaina, Maui Previous home: San DiegoProfession: Digital Marketer (working remote with my dog Richard)Why I'm here: challenge myself to create new revenue stream alongside my 9-5  & invest in my first multifamily or condo rental by the end of 2019Sincerely looking forward to skipping through the forums to learn from first-timers, best practices, ouch moments and meet like-minded people (like you)!

I do have another mixed used property in lynbrook that I ran into that challenge but I was able to work it out with village.Do you think the numbers make sense and appears viable.

I want to engage in seller financing option with an owner, who owns his property out right.