2015 Returns for my B & C Class portfolio
Figured I'd share actual numbers from actual rentals that I have in mostly bad neighborhoods. There seems to be a general consensus with larger investors that C class rentals are never profitable, others say they're a cash cow. I wanted to report what my experiences are, first mostly full year of owning B&C properties. The big shocker (To me) as well as to many were my repair & maintenance expenses were very low compared to what's expected. These are mix of pre-rehabbed properties and ones that I have rehabbed. Utilities were way higher than they should have been, as some of the reporting done was when we were working on them over the very cold winter and had to pay for them.
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Thanks for sharing Brandon. This is really inspiring. I am putting the works in motion to purchase & rehab an SFH in a C class neighborhood possibly in Florida or Kansas in a few months. It is really inspiring to see that you've had positive results in the class C rental market. Had a quick question for ya. How are you financing the acquisition & rehab of the sub $35k properties? All cash, hard money?