For example, list your unit on Oodle and it will appear on Facebook and dozens of other sites that use Oodle as a consolidator, my husband and I do this for our own site.Given the continuing non-justifiable costs these days of the paper adverts, it is wise to add the internet to your advertising for tenants, the costs and viability of your approach depend on some of the factors listed above.GL

I think you have enough advice here to make a wise and informed decision on how to proceed.

Hosting the games in the home city of America's first African American president has a marketing value to it - and something ego-wise they get to hang their hat on.No, I certainly have no inside track on this.Originally posted by grossreall:getting to an amount of money is not the issue its the exit that the main thing.

With all luck, we can buy about 3-4 properties/year at this rate and, so long as I made wise choices, stay in the green if even $100/house.

One is currently accepted but is foreclosed and still has a tenant from hell squatting in it, he won't allow anyone in the property's first two floors and wants $7k cash for keys and a showing haha Anyway, I have a couple of cash partners lined up and my goal is to purchase multi families with decent cash flow at closing, make wise improvements, and gradually trade up in size via flips or 1031's into some very large properties which will support us full-time when we get there.

I understand that the two I already have aren't very good cash flow wise: that's why I'm buying the 19 units, because they are.

Is it wise to invest in old property and to renovate it for residential cum commercial use?

RV- on average, in the long run, you can expect 50% of the rent to go towards maintenance/upkeep/big stuff/vacancy/etc/etc/etc.let's take for instance a roof....say you aren't socking away the 50% of every month's rent, and all of a sudden (not that this usually sneaks up on you), you need a new $5000 roof. if you were 'cash flowing' everything besides the payment, and you were getting $1000 a month rent with a 500 payment, the roof would eat up 10 months of your 'cash flow'. so in essences, considering nothing else happens that year, your net would be $1000 for the year (roughly $83 a month)it is wise to factor for these from the get-go so that WHEN (not if) something comes up, you will be ready.in a $1100 month rent, you can expect over the long run that on avg $550 a month will be needed.

Choose them wisely.

Do you think this would be wise in the long run if I want to sell this in the next 2-3 yrs since I'm told that post 1973 MHs are easier to finance for a potential buyer?