Cash flow on Massachusetts Multifamilies

[Joe Rinella]

For you other Massachusetts multifamily investors, how much cash flow are you looking for per unit in the current market? It seems as though $100 per unit after mortgage and expenses is a good deal in the current market, but I've heard of folks looking for $200 or more per unit in Mass. 

How much cash flow per unit would you consider to be a good deal?

[Thomas Gagnon]

12% might be the goal but in Worcester and southern nh you can easily find 25% and I target 35% or greater, I'm only look at 6 units and up for that reason.  Quantities of units below that and the numbers get squeezed very very fast.  Just keep your eye out.  It is a little easier to get those numbers the higher in units you go considering economies of scale etc.