in pa , single family homes are between 40 to 50k and can be rented 750$ a month , there are also multi families like 2 or 3 units with price range between 60 to 75k . Please give me some advice
@Eli Kfouri , are those retail prices? If so, you need to determine your max offer price based on ARV, rehab and closing costs. And, analyze your cash flow based on gross monthly rental income, expenses, debt service (if any), desired rate of return, income taxes, etc. Other considerations include the type of neighborhood, holding period, cash reserves needed, etc. This is not comprehensive but rather some things to consider/include in your evaluation/calculations.
IOTW, the sooner you start analyzing some of those prospects factoring in the necessary considerations, the sooner you can determine which are great deals and which ones are not. This effort should get you one step closer to YOUR GOAL. Have you defined this yet? Your initial question expresses desire and intent but what do you want/expect to achieve by taking this course of action?
IME, if you have already determined what you want to achieve as the end result of your efforts, it will be easier to plan the work and thus work the plan. There are a few blog articles here on BP (like this one), as well as, several discussions on investment strategy that should help point you in the right direction.
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