Updated about 18 years ago on . Most recent reply
Let's Start w/ a Hello
Hello All!
I'm poised to dive into REI with hopes of buying and holding residential properties which cash flow. My wife and I believe slow and easy is the best way to win this race, but we'd like to keep growing our portfolio as we achieve experience and success. Currently, we're pre-qualified with a lender to purchase investment properties.
I believe the biggest lesson I have to learn is determining the cash flow potential of properties by comparing sales price and against gross rents - the 2% rule as I've read. It sounds simple but something tells me it isn't.
A secondary inquiry would be whether or not I could sensibly handle multi-unit (5-plus units) properties using commercial loans - an area I've never venture or come close to inquiring or learning much about. Yet, I recognize the potential.
I visit nightly and have downloaded the Apple widget as well. Thanks to all for the postings. I'm ready to learn.
KMc