Purchase price: $100,200 Cash invested: $32,000 Sale price: $212,000 Contributors: Peter Vekselman Partner Driven, in partnership with Ron Rowan, purchased a home on Dearborn St, Hobart, IN, for $100,200 on 2/21/2024.

For our long term rentals, Zillow brings us the most leads, so try out their room rentals. 

Hello, My husband and I have a portfolio of 40+ doors of long-term rentals. 

I am planning to live in the main house with my grandma so I can save up some cash.

But vacancy rates doubled which wipes out your profit to the point of negative cash flow territory if you have a newer mortgage with a higher rate.The number of inquiries have gone up exponentially but the number of qualified renters have gone down exponentially.

Finding the true appreciation rate for specific towns can be a bit tricky, but you can start by looking at historical sales data, talking to local realtors, or even checking out some online tools that track market trends.If the condos you’re eyeing aren’t meeting the 2% rule, it might be worth reconsidering or at least getting a more detailed breakdown of potential long-term appreciation and other benefits, like tax advantages or rental demand growth in the area.

This also makes it easier to either gain a larger profit if flipping or room to do a cash out refi if holding.

Rather than go into a long narrative, I’ll just state the facts 1. 99% of all people who try “wholesaling” never make even minimum wage from their efforts2.

However, you could try pushing again with the 900k (cash, DSCR, conventional etc) plus whatever terms/contingencies you want to add.

We do this type of analysis in Reno, but instead of going one property at a time, we do it for the entire market simultaneously, so our clients can see the best deals based on potential cash flow and compare them to others in the market.