Not only were we excited about the equity we built, but after renting it out it cash flowed about $500 profit per month.

We built a new spec house in San Clemente, a duplex in San Clemente, and a house in Capo Beach.

I own a home in the panhandle of Florida in one of the most sought after neighborhoods in our small town.

Hello All,I'll be visiting Austin from August 2, 2018 - August 5, 2018.I'm sort of new to rentals and I was looking on gaining some insight for single-family to multifamily housing in/near or around Downtown Austin.Anyone in town and would like to talk investments/partnering, over some drinks?

It is all in or all out kind of thing especially on larger commercial.Anything sub 1.5 million and below is more mom and pop small town type stuff.

Hi, So I am an out of town investor and like many I use property managers.

It’s also in a city I know very little about (Norfolk, VA) here are the numbers- I welcome your thoughts/ insights:$259k - sales Price (4- unit building fully occupied)$1460- total mortgage payment (after 25%) down $305- Property Management Feee (10%)$105- trash (total water is $315 p/m but seller bills water to tenants and has it written in the lease)$60 - lawn careTotal rents are $3050Owner says monthly expenses are low.The best case scenario is net income of $737 assuming $400 extra monthly expenses (for worse case scenario unexpected expenses which always come up) and assuming all the tenants pay their rent.Positives- - Seems to be a good cash flow if expenses are kept low and everybody pays- 4-plex is located in an 85% residential area- building is ok condition (built in late 70’s) except roof is 18 yrs old- all tenants are gainfully employedConcerns- while the neighborhood visually looked fine, according to crimemapping.com its a moderately high crime area.

So even if the gas is in the tenant’s name, if they don’t pay and skip town, the past-due gas bill can be issued as a lien against the house (and the owners responsibility)There are other cities that do this too - so you have to research your utilities to be sure your theory holds up.

I see it all the time here with homes built in the 40’s and 50’s.

I'm ready to buy in KC as an out-of-town investor but soon-to-be returning home to KC (military).