Should we have a joint bank account separate from our own strictly for the REI business to keep track of funds and cash flow recycling and etc?

That would mean, a steady cash flow, and not having to worry about turn over.

Why don't you use $200,000 equity and invest for cash flow in more affordable markets and still retain the property for appreciation.

In the mean time I need cash flow to focus on my real estate business ventures.

I don't know anything about pueblo but if prices are reasonable and it's a place you can cash flow, I don't see any reason not to Invest there.

I will not develop property unless it cash flows in year 1.(.58 acres with 3,000sqft min per dwelling so 8.42 dwellings or 8)Land Cost: $25,000 ($3,125 per unit) - Hoping this land cost is what gives me an advantageConstruction Costs: $706,270 ($85 psf construction costs) - This isn't a hard quote yet and will be updated once I get it officially quoted.

I'm a newbie but I was looking at multi family's around my area and wondering if there's anything special the banks can do if your purchasing a property that is already cash flowing with tenants?

In essence, I'm asking about how would I structure the LLC then the trust, how would the flow of money look ?

Be ready for cash flow on paper but not in reality.

hi,relatively new to the game. i have a property with good potential in an area i think will appreciate well. in my current situation, i am not strapped for cash and can save 7-8k month for real estate purposes alone with my current job. this will be by first SFR and goal is to have at least 12% COCROI and have a minimum of $150+ using the 50% rule. im more or less in it for the long term game and want to retire with a rental portfolio that can supplement my income within the next 10 years. here are the two scenarios for the following property:property: $65krehab costs: $10kclosing costs: $3,200wholesaler costs: $2,500i plan to put 20% down on a 30 year fixed loan at around 4.8%Scenario 1:I cover out of pocket for rehab and wholesaler costs as well as downpayment + closing costsProperty: $65kRehab: $10kWholesaler costs: $2,500k Downpayment: $13,000kClosing costs: $3,200Total cash needed: $28, 710COCROI: 12%Monthly cash flow: $28850% rule: $313Scenario 2:I finance the rehab and wholesaler costs through my bank.