New to BP from northwestern Wisconsin
Hello from Wisconsin,
I've heard a lot of good things about BP so I thought I better jump in. My wife and I have been in the landlord business for about 6 years now but still learning a lot.
Can anyone suggest some good books to read on the subject of rental investments? I have read Robert Kiyosaki, Ken McElroy, Sharon Lechter, Dolf Deroos, Fiance Kennedy, and others from the Rich Dad collection.
I am wondering what formulas other people use to determine if a property has good cashflow? I find it quite difficult to get sellers to release financials on properties that I look at. My system is this....if I can't get the numbers I do not risk buying it. However I worry that I am missing out on good cashflow properties because I simply lack the information needed to formulate a good evaluation. I am wondering how people in this forum deal with that problem?
Thank you,
Tom