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re: Can someone check these rental numbers.
Posted on 9/20/20 at 9:54 pm to MrJimBeam
Posted on 9/20/20 at 9:54 pm to MrJimBeam
quote:
Many of mine are about that price and I rent for 16-1700.
that is good RTV. around 1.5%. i have many in that range also. his (op) RTV is not bad at all.he is around 1.2%. the issue is the ROi may look great on paper but that is worthless to me without CASHFLOW. they go hand in hand. I explained this to another poster way back when. If it does not meet my criteria for cashflow i am simply not buying if the goal is buy N hold.
0
Posted on 9/20/20 at 9:57 pm to LSU in Frisco TX
your RTV is fine. your ROi is great but means absolutely nothing without cashflow. which is terrible for that price point. too much expenses. you will be lucky to break even monthly.
good luck
ETA: you do not buy for cashflow later you buy for it now and get even better cash flow later as rents rise. that is how you can get in a jam barely getting by now. but to each his own.
good luck
ETA: you do not buy for cashflow later you buy for it now and get even better cash flow later as rents rise. that is how you can get in a jam barely getting by now. but to each his own.
This post was edited on 9/20/20 at 10:08 pm
Posted on 9/20/20 at 10:02 pm to Fat Bastard
Ok thanks.
One question about your RTV comment. What price point are you getting 1.5%? Is that on the lower priced property, like around 100k?
I just don’t see how getting 1.5% on a 250k house is possible.
One question about your RTV comment. What price point are you getting 1.5%? Is that on the lower priced property, like around 100k?
I just don’t see how getting 1.5% on a 250k house is possible.
Posted on 9/21/20 at 5:17 am to LSU in Frisco TX
It’s much easier to do with small multi family properties. That’s all I invest in. I’ve bought nice 4-plexes for ~320k. That’s 80k per door and you can get 1200 per month. In the same general area, if you’re paying 80k per door for a SFR, it’s going to be of much shittier quality and lower rent.
It’s what works for me. However, I know a lot of guys on this board do well with single families. When I started this, I decided that wasn’t for me as I could get more bang for my buck with MF and the scalability was much easier to see.
It’s what works for me. However, I know a lot of guys on this board do well with single families. When I started this, I decided that wasn’t for me as I could get more bang for my buck with MF and the scalability was much easier to see.
Posted on 9/21/20 at 5:54 am to LSU in Frisco TX
I’m not a fan of Colorado Springs. It’s by far the cheapest market in that area but also least desirable. We looked around there for a while before buying some rental properties in Boulder. There is some nice growth taking place in that Boulder/Denver corridor.
Posted on 9/21/20 at 8:50 pm to Jp1LSU
Lots of homeless and drugged out people in Colorado Springs. They have a big squatting problem and people setting up tents and campers on private property. Police and city don’t bother the homeless.
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