Most housing authorities are out of money so there's a few making cuts, we got a notice that the maximum is going down to $1,050 on our annual renewal and anything above the $1,050 will need to be paid by the tenantIt's an ok program, in LA the department is bureaucratic and over worked so it can be frustrating.

If I remember correctly I think a 90 monthly gross rent multiplier (7.5 annual GRM) is the highest you can realistically go to cash flow.Realtors are NOT investors.

I averaged 15% annual return on my investments which was better than the 5% I was getting in my brokerage account.

In Texas its 18% annual, so most HML's will charge 5% origination and 13% interest on a 1 year note or no points upfront and 18% interest with a shorter call.

They make great pay and together, they clear say $100,000 annual.

Your annual negative CURRENTLY would be approx 20K.

The numbers seem to work out and I would love to get into something with this kind of positive cash flow (75k annual) for a buy and hold but have been sitting back wondering how to get a start.

As a newbie with limited fundraising options I was thinking 20% cash on cash ROI (annually and not figuring appreciation in) is reasonable, considering one can get 7% just off dividends these days...What do you guys think?

Thanks Everyone for your words of support and encouragement.Ana, it is 15% Annual Interest Rate.Brian

My NET annualized return as of today is 10.27% so I am not complaining.If you have any questions, I would be happy to answer, at least based on my experience with them over the last year and a half.Warren