Setting Our Sights Spring_Summer 2017

There is nothing like owning a fourplex that reminds you over and over the need to set appropriate rents, and go hard after  cash flow.  There is also a great teacher out there for a cost/benefit analysis.  Paying down your debt.

We are acquiring something this spring and summer.  What it is is not as important, as what it must cash flow.  In Rich Dad/Poor Dad, Robert Kiyoasaki says, don't say you cannot afford it.....ask, how can I afford it?

My son is going to UNW next year, and while we have some money for him, we need more cash flow to help pay for college.  So we are pursuing cash flow of $1500.00, and that is like net, net, net.  That means after repairs (realisitic budget), vacancy, all utilities, capital improvements, financing, taxes, etc....we must have enough cash flow to pay all the financing, and all the bills, plus net $1500.00 a month.  

I'm private marketing two properties that will accomplish this, and casting a wide net looking for this property.  I'm selling one of our homes, using a 1031 exchange, and have full equity in a second property I own, plus we are saving.  I will look at multi unit apartment buildings, mixed use commercial, and even storage units, and even out of state investment, to find this deal.  So here we go.