How can I have cash flow while paying taxes & insurance?

[Dominique Mickles]

I’m really trying to get into the game but I was wondering if I have to pay mortgage, taxes & insurance each month isn’t that getting into my cash flow? How would I really be profiting?

[Basit Siddiqi]

@Dominique Mickles

You should be able to find some cash flowing properties in chicago or at least within a 2 hour driving radius of the city.

There are deals out there that are profitable - you just need the experience analyzing deals. 

Just to recap - for you to be profitable you need to calculate rent minus expenses like repairs, mortgage interest, home owners insurance, real estate taxes, capital expenditures, allowance for vacancy, utilities(if not paid by tenant), travel to and from the property, etc. You can also factor in the cost of the principal payments in your cash-flow analysis.