How much cash flow is enough? Boston
So I have a few questions. Any help would be greatly appreciated.
I am looking at multi-families, putting for 20-25% to buy as an investment to rent out. Doing the math on the mortgage compared to the rents, I would only be making a few 100 a month. With a down payment of 25% at 100k, that would take far too long to recoup.
How much money is a good amount to make on a rental per month? I understand its a long-term process but I don't want to take years to pay off just my down payment.
How can you find a good deal to make that amount? Obviously buy as low as possible, but everything is high around the West Rox, Rosi area.