All Forum Posts by: Brett Loetz

Ok, thanks!

@Caleb Heimsoth thanks for the tip. I'll have to check out some new developments around me and see if there is something that catches my eye. 

A good question is, should I worry about basically instant equity or as long as it cash flow don't worry about it? Im mostly looking to get cash flow coming in and some of these properties show 150-300 cash flow after everything's paid, including maint. and vacancy. 

im glad you asked this question! Ive been thinking about buying one like that. Im looking to get my second rental property but haven't had luck finding deals on properties that need some work. I was looking for something i could fix up and have some equity in right away. Everything I find like that, is in areas where I don't want to own rentals, due to crime rates, etc. 

I see other properties on the market that don't really need anything and would rent out quickly. Ive been wondering why it seems no one buys these. my numbers show I could make 15 percent annual returns on my cash down, after maint, vacancy, etc. 

my goal is also cash flow, so I wonder if I should start buying properties like that as I find them. Ive ran the numbers on 3 or 4 recently that all showed returns like that. Thanks for any input! And good luck with your future of investing Patrick.