All Forum Posts by: Corey Farnsworth

Hey, I'm new here too! But from what I've learned from the BP webinars/podcasts/forums/books (soo much good content) so far, our biggest gain in starting out is knowing how to analyze the numbers for a good deal! In this case, you really want your cash flow to be closer to $200/mo for a Single Family Home (SFH), and that should be pure cash flow (after your expenses, maintenance, vacancy, P.M. fees, etc). In addition, you'll want the ROI % to be at least 8% (higher is better). Otherwise, it would be more equivalent to just putting the money into stocks (typical 8% return).

But, it's also true that every property will have a number that makes it a deal that works! Play around with the numbers in the calculator (purchase price, interest rate, down payment, etc) until you start to see the trends in how each number impacts the deal. You have lots of things to play with, just keep learning the analysis! Hope this helps!