Updated almost 2 years ago on . Most recent reply
Looking for second set of eyes on next rental property
Hey All!
Attached are screen shots of my analysis for my next investment property, long term hold.
Looking to get another set of eyes and insight from more experienced investors to see if I'm missing anything or if this is something worth pursuing.
Looking forward to this!
Nick
Most Popular Reply
@Nick Roth Until very recently when I bought a terribly mismanaged and extremely underperforming property for cash with the plan of BRRRR after stabilizing it, my portfolio averaged $179/door/month. I know that's not a great return but I was paying down mortgages to build equity and had nice levels of reserves in my accounts.
I think now with the new mortgage-less property that’s an 8 unit my new average is at least $379/door/month.
There’s nothing wrong with a property that ONLY cash flows $200 per month. Rome wasn’t built in a day.
Get a thorough home inspection and make sure you're saving for your repairs and maintenance and your CapEx every month.