In the last 6 months, I have used the knowledge gained from BPockets to find, analyze, acquire, finance, rehab, advertise, lease and manage 10 additional properties.

30 units, 4 buildings, right next to each other.

10 units’ vacant, current owners are paying water and have move in specials to “sweeten the deal” their words.

All units in...

Hello all.

This is my first house. I read all the articles here and try to find properties close to it. Is this a good one?

2600 sqft double in buffalo ny

135,000

6 beds 2 bath (3/1 per unit...

Target section 8 or other populations that are a bit more stable but not strong enough to move around.As you analyze low income, plan for higher vacancy rates (10%) and make sure the cash flow works out, because you can't count on much appreciation.

@Jordan Vires the best way to evaluate is to use 50% rule (See @Brandon Turner video "How to Use the 50% Rule to Analyze a MultiFamily Investment": https://www.youtube.com/watch?

If you're looking to invest in RE but you wish to be hands off, not deal with the liability of directly owning a property, and you don't want to analyze deals.

If you're interested in letting someone else do the recordkeeping for you, analyze their technology and customer service.

Is there a general system or formula to analyze your flips?

Folks looking to become landlords that also want to analyze every number such as the water bills on single family houses right down the dollar may not be in the right business. 

Because of this I would not count loan principle reduction when analyzing a buy and hold deal.