No success finding deals

[Raphael Alexis]

Hello everyone. I’ve been using the rental property calculator on BP and searching for properties on Zillow, Redfin, Realtor, etc. for 10 months now. I am currently looking for SFHs and SMFHs in the San Antonio area and plan to rent to military families that work at Lackland AFB. I’ve looked in the city as well as the outskirts and every time I run the number on a property, the cash flow always comes out negative. How do you know when it’s time to look for properties in a new location/market?

(Currently long distance investing, will be using a VA loan the numbers I typically used are as followed:

Interest Rate: 4%

Repairs: 5%

Vacancy: 5%

CapEx: 10%

Property Management: 10%

Mortgage: 30 Year

Thank you in advance!

[Jonathan Greene]

That's not a lack of success, you are just spinning wheels, trying to fit a square peg into a round hole from afar. Have you done any deals locally? What's your background in real estate? What boots do you have in San Antonio? Sitting around in NYC plugging numbers into an online calculator from Zillow is 10 months of wasted time. If you like San Antonio and want to work with military families, wait and take a trip when it's safe and survey the landscape in person. You haven't seen one deal that everyone doesn't know about. That's why nothing is working.