Account Closed When you get a deal or have a prospect shoot it by me for possible funding.

After you've contacted your agents and if you have any questions for non-agents feel free to shoot me a note.Brooks

Prices are shooting up, so we're not AS attractive of a cashflow market as we were, but there are definitely still opportunities.Good luck!

Here are the numbers I'm projecting, please pick it apart and let me know what I am really in for on this deal. 2-Units both are 3bd/1ba w/garage Purchase Price: $55,500 Down Payment including closing costs: $12,200 Plan to put an additional $1,500 into the building immediately Currently both occupied with a net Income of $1,230/mo ($630 & $600) Vacancy Allowance (8%): -$98/mo Taxes $254/mo Management Fee: $86/mo (7%) Utilities (Water and Common Electric): $62/mo Insurance: $39/mo Mortgage Payment: $289/mo Repairs & Maintenance: $150/mo Cash Flow: $350/mo Yearly Income: $13,580 Yearly Expenses including Mortgage: $10,569 Profit: $3,011 ROI = $3,011 / $13,700 = 22% What ROI do other investors shoot for when buying rental properties for cash flow?

I'll shoot you a PM with the name of the company.

I have read 100$ per door is what some people shoot for so you must be killing it?

Usually you shoot for $100+/door at this rent range.So if you can purchase the property for $40K financed the way you want, and have $8K laying around for initial repairs (or at least in reserve for when it happens), you're in pretty good shape.One side note on financing such a small amount...if you find a bank to do it, keep in mind it will COST you over $30K if it takes you the full 30 yrs to pay it off.

Not having the experience I'm shooting in the dark but I feel as though @Aaron Mazzrillo's buyer at 85% is willing to buy so high because the profit is still very high when compared to the amount of time spent.

I've successfully done this many times.Love it Aaron, I'll certainly shoot for that first.

The only edit I would suggest is to shoot for higher :) You are young so you can end up buying wayyy more than 3 properties and end up with a very liveable retirement salary.I agree with you about the tenant concern.