Long Distance Rental Investment Opportunity

Long Distance Rental Investment Opportunity

Member since 2019 · 44 posts · 12 votes

I need help analyzing a potential long distance rental investment opportunity ASAP - I am in Maryland, the potential property is in North Carolina. I've run the numbers several times and they come out looking good ($450 monthly cash flow; 14% Cash on Cash ROI). I feel like I must be missing something; either that, or I've finally found the (first) deal I've been looking for.

Please respond or message me if you are able to help. Looking to talk to someone 1 on 1 to go through the deal with me.

Thanks BP!

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Real Estate Investor · Waldorf, MD · Member since 2014 · 592 posts · 320 votes
7y

It's always good to have a burst bubble before the deal rather one midway through the project.

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  • Member since 2019 · 44 posts · 12 votes
    7y

    Thank you for your help on this @Alexander Felice

    Helped me break down the deal to discover that the numbers were not as healthy as I originally thought.

  • Rental Property Investor · York, PA · Member since 2017 · 377 posts · 315 votes
    7y

    @John Paul Whaley - what did you end up missing? Savings percentages?

  • Real Estate Investor · Waldorf, MD · Member since 2014 · 592 posts · 320 votes
    7y

    It's always good to have a burst bubble before the deal rather one midway through the project.

  • Rental Property Investor · Charlotte, NC · Member since 2015 · 72 posts · 30 votes
    7y

    @John Paul Whaley where in North Carolina is the property?  what is your investing criteria as of right now?

  • Member since 2019 · 44 posts · 12 votes
    7y

    Just shot you a direct message. Thanks for getting back to me!

  • Member since 2019 · 44 posts · 12 votes
    7y

    @Ben Wilkins sorry for getting back to you so late.

    The expenses would have been higher than I estimated. On top of that, I’ve been underestimating the power of value-add opportunities. I’ve been narrowing my focus on under-valued properties in the same area.

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