Would you like to replace your current income stream with cash flow or just build wealth for the future?

Good Afternoon All,I have been wanting to start this goal of purchasing an Owner Occupied Investment Property forever now because it seems like the start of one stream of income/cash flow towards my financial freedom.

You'll have plenty of time to make more money investing, but they'll only grow up once.If you can find a way to grab some of the equity from the duplex, I would do so without delay... assuming you're ok with little to no free cash flow on the duplex (fine, if you have other income streams). 

We constantly get comments on how well equipped the kitchen is.

@Kyle Neff having the three friends under one lease will result in a more passive income stream.

that's a nice recreational area there.. your on the Redding side of Alturas there are world renowned trout fishing streams and rivers there.. 

3) spend ~$100K to rehab the property & make it rentable     - satisfying the standard 10% forced appreciation during the first year4) the property should now be worth ~$1.28 million     - giving you about ~$120K in appreciation alone (not counting potential rental cash flow)      - assuming all expenses are paid (including the monthly $6300 loan repayment) & the building is rehabbed, you now have                   ~$428K in equity20291) cut out as many expenses as you can on the building & have the highest rents possible2) assuming 3% appreciation, the property should now be ~$1.32 million     - giving you ~$160K in appreciation alone (not counting potential rental cash flow)3) assuming all expenses are paid (including the monthly $6300 loan repayment) & $700/month individual unit rent, the total rental cash flow from all seventy five units should be $23,700/month      - total equity: original down payment amount ($232K) + appreciation amount ($160K) + annual loan repayment amount                       ($75,600) = ~$468K     - total annual profit: $160K (building appreciation) + $284K (annual rent) = $444K20301) cut out as many expenses as you can on the building & have the highest rents possible2) assuming 3% appreciation, the property should now be ~$1.36 million     - giving you ~$200K in appreciation alone (not counting potential rental cash flow)3) assuming all expenses are paid (including the monthly $6300 loan repayment) & $700/month individual unit rent, the total rental cash flow from all seventy five units should be $23,700/month     - total equity: original down payment amount ($232K) + appreciation amount ($200K) + annual loan repayment amount                       ($75,600) = ~$508K     - total annual profit: $200K (building appreciation) + $284K (annual rent) = $484K     - retire on that annual income stream!

There is a wide spectrum when it comes to agents and many are constantly busy so you are smart to show up prepared.If I were you I would try to narrow down what type of investor you want to focus on and try to stick with it.

Then eventually with more properties you start saving more and are able to eventually snowball quicker since you then have multiple streams of income.

Now do you see why I'm constantly warning Californians against buying and managing D'class properties here and expecting everything's going to work just fine as long as they think positive thoughts at the process?