I'm losing motivation, can't find anything that works.

[Steve Balinski]

Hello everyone, I need some motivation.  I've been an investor for about 8 years. Done a couple flips and currently own a 4-unit and a 2-unit.

I haven't looked at properties in a long time due to interest rates killing any potential deal in my area (SE WI).  Instead of looking for a multi-unit, I started calculating Single Family properties to see what it'd take to make my #'s work.

230,000 starting price (3bd 1.5bth, very low price for this area).

$1900 rent

$4k Taxes

$1500 insurance

$3k all maintenance

20% down

4% interest rate (just to see if even this would hit my #'s.

RESULT = $220 cash flow :-( :-(

How are you all finding single family properties that work?  My target is $500 cashflow, I'm not even close.

I'd even consider 2-4unit, but I know my numbers are even further away.
:-(

[Chris Seveney]

Quote from @Steve Balinski:

Hello everyone, I need some motivation.  I've been an investor for about 8 years. Done a couple flips and currently own a 4-unit and a 2-unit.

I haven't looked at properties in a long time due to interest rates killing any potential deal in my area (SE WI).  Instead of looking for a multi-unit, I started calculating Single Family properties to see what it'd take to make my #'s work.

230,000 starting price (3bd 1.5bth, very low price for this area).

$1900 rent

$4k Taxes

$1500 insurance

$3k all maintenance

20% down

4% interest rate (just to see if even this would hit my #'s.

RESULT = $220 cash flow :-( :-(

How are you all finding single family properties that work?  My target is $500 cashflow, I'm not even close.

I'd even consider 2-4unit, but I know my numbers are even further away.
:-(

 As mentioned, you are not going to find that cashlow on an asset unless its in a class D area and on paper it may show that but reality is it wont cash flow.

We are back to a more realistic real estate market that has been more like this the last 50 years than what the last 5 years was providing which means - real estate is not easy, its hard and you hve to really find the good deals. But its also a long term play where you are going to make money over long period of time and not in 12 months like we saw the past few years.