Updated over 10 years ago on . Most recent reply
Eye Opening
So as a hopeful new investor, I've been following BP advice and analyzing some potential deals by pulling listings from the MLS - and the results have been truly surprising.
For instance, a 3/2 listed at $104K drew my attention as an relatively inexpensive potential first deal. However, when I ran the numbers via the BP rental calculator, the cash flow result was a big fat zero! Of course the big issue with this property is the $87/mo HOA...
So I guess, for my it's the realization that finding even remotely positive deals is a lot of work!!
Just gonna keep on looking!
Any thoughts out there?