Getting those properties for pennies on the dollar, renovating them so they can withstand another 100 years, and fully furnishing them at a 30 day minimum is giving off some solid cash flow!

Increase earnings, reduce expenses, save up, then invest.

My fathers trust stipulates to "divide or distribute property in cash or in kind or partly each"   I am going to take my interest in the property as 1/3 of the property and will be buying my siblings 2/3 interest in the home from the trust.   

Hi all,I just closed on my first rental property and used all the money I saved for that downpayment.

While there are many advantages like low property taxes, landlord friendly, strong appreciation it's not going to be as cheap as the Midwest and have the cash flow with 25% down.

Share your thoughts, experiences, or even strategies in the comments section below; then let's get this conversation rolling and make a lot of cash registers ring too!

However, I'm looking for a website that does a NOI, cash flow analysis SIDE by SIDE comparison.

I have been offered an exclusive Deal by a local "friend"/ semi-mentor in my small town.  8 standard 2/1 apartments -  Quad, duplex, duplex, 1970 Dated buildings, little neglected but liveableOwner finance: 20yr 6%rate with 20k down------------------------------------------------Total purchase 400KCurrent NOI: 41k     Cap: 10         (Tax,Ins,Maint, Util)Gross rent 4500/mth-----------------------------------------------Upgrade, Est repairs: 60k After reno: NOI: 59K   Gross rent: 6100------------------------------------------------Loan pmt: 2865/mth,    34k/yrCurrent Cash flow: 531/mth,  6,378/yrAfter reno Cash Flow: 2131/mth,  25,578/Yr-------------------------------------------------Added info- -Property line Joins with (growing) Community college-Tiny town-The Buildings are Currently "uglyish".- Current Rent is 150$- $200 behind market avg.I am very comfortable in single family homes in this town (own 18 SFH rented and performing well).

@Phillip Rosin - Based on the info you provided, I recommend that you start with a Fix to Rent short term loan to purchase the property and rehab it, followed by a cash out refinance into our DSCR loan.

I figure we save 5 to 10k per year if I had to buy a room or rent an airbnb..