You generally won't achieve 2% on houses north of $50,000 except in some war zones and distressed regions.50% guide simply states that 50% of your gross rents will go to expenses over the life of the rental, of the remaining 50% take out debt service then you have your income.Rent $1600, means $800 a month will be eaten up in expenses, capital, maintenance, insurance, legal, accounting, utilities etc.If the area isn't too bad (no bars over windows, you feel safe walking there) it seems pretty decent to me, then again I am comparing that to whatever you can get in SoCal right now.Andrew

For instance here in North Texas the primary MLS is NTREIS.

Im in chicago on the north side.

With the fifth, you have to two years of tax returns per per property, six months reserves per property (in addition to your down payment) and a FICO north of 720.

Hi Thomas from the other frozen north of Milwaukee, WI!

Sam Harrington - You're way up north there :) Looks like you are in a similar boat as me with the closest big city that would have a good REI club to meet with being about an hour south of you.

(North west side, general vicinity?)

LOLI've been in the North Bay and East Bay counties and the I80 corridor.

The North County (and Ventura County) is more my speed when it comes to coastal RE.

Hi Everyone,

I recently became interested in commercial real estate investment and have learned how difficult it was to get started while reading through the BP forums and other sources. While formulating a plan to ...