Every home seems to cash flow??
Hello everyone, i have recently been looking online to practice putting the numbers together to see if the property will cash flow or not. It seems like most homes that have more than one unit in the area that I am looking will cash flow. I am wondering what I am missing? am 22 and have yet to buy a property, currently in the Air Force and living in Japan. My plan is when i return to america (Omaha Nebraska area) to buy a 2-4 unit multifamily. Thanks for all your advice in advance!
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One big thing to keep in mind with multi units is that the landlord often pays for many utilities and yard care. See if you can find out how the apartments are metered and what the costs are. If you are paying for the garbage, sewer, heat, and all yard care it can add up to a lot more than 3 or $400 dollars a month.