1 July 2018 | 0 replies
So, for example, I've found two multi-unit buildings in my City, a 3 and a 4 that should cash flow decently.
1 July 2018 | 2 replies
Any mortgages would be amortized over 20 years.1) if I do the minimum down of 15% they won’t cash flow as good.2) if I put more down it will limit the amount of properties I can buy.I’m wondering what your thoughts are on my focus.
2 July 2018 | 1 reply
Cash flow is good but tenants are a challenge from what I hear.
4 July 2018 | 7 replies
We are looking to buy another, but maybe focus on Investing in more of a Vacation Rental this time, as we have 7 long term rentals and we feel our cash flow is good right now, and would like to explore the possibility of having a vacation rental, somewhere we would use as well.
1 July 2018 | 2 replies
Hi ,I am looking to make some investment in Durham which I can buy and hold ( cash flow from rent ).Based on my research there are areas that are good and some are not so good and its tough to figure that out.Could some from Durham share some insight on this and any suggestion on what area to go for if i have to buy and hold for rent , i am thinking of sticking to C+, B-, B, B+ zone only ?
25 July 2018 | 13 replies
I am simply looking for advice moving forward, how to get started on my next move, especially when we have little money now, and cant get real cash flow until we move.
2 July 2018 | 4 replies
We would probably be able to finance the initial purchase, but would need to have the two units we are not living in cash flowing ASAP.As far as we can see it will need LBP remediation (in Alabama you can seal it and paint over it) so probably $6k in total for both units to be rented, and an air system in place.
1 July 2018 | 0 replies
Purchase price $ 510,000 Purchase Closing Costs 10,200 Estimated Rehab Costs 5,000 Total Project Costs 525,200 Downpayment (36.9%) 188,000 Loan Amount 322,000 Loan Interest Rate 5.250% Total Cash Needed 203,200 Gross Rents 61,440 Monthly Rental Income 5,120 Expenses Advertising 25 Gardening 66 Insurance 250 Management Fee 512 Pest Control 50 Property Tax 638 CapExpense 512 Security System 280 Vacancy 512 Total Monthly Expenses (55.6%) 2,845 Monthly P&I 1,778 Total Cash Flow 497 Performance Metrics Monthly Cash Flow $497 Cash on Cash Return (ROI) 3.17% DSCR 1.28 Purchase Cap Rate 5.35% Proforma Cap Rate 5.20% 1% Rule 0.97%
2 July 2018 | 4 replies
This increase will make it MUCH harder to find and buy positive cash flow producing assets.My questions for the community:1.
2 July 2018 | 1 reply
The problem is I really didn’t have much cash flow.