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Galen Bricker
  • Appraiser
  • Chambersburg, PA
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How to make a living on low cash flow?

Galen Bricker
  • Appraiser
  • Chambersburg, PA
Posted Oct 3 2015, 15:24

Currently, I have three single family rental properties (one I just purchased and rehabbing).  These, like most of the deals that I work on, tend to cash flow only around $100 per month after the mortgage, taxes, insurance and some extra holdings for repairs are held.  Is this normal?  I would need a 20 or 30 rentals just to begin making a living doing this.  Am I missing something?  I've tried to find other properties, even foreclosures, and after running the numbers after repairs, I still only see $100 - $200 maximum profit per month.  

I would love to make a living off the rentals but until they are paid off I don't see how others are doing this.  Any help from more experienced investors would be much appreciated!

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