All Forum Posts by: Dontrea Riser
Dontrea Riser has started 5 posts and replied 15 times.
Post: How much should you typically aim to Cashflow per property? Why?
- Rental Property Investor
- Posts 15
- Votes 8
Originally posted by @John Morgan:
I’m cool with $100/door if I really like the house or location off a 15 year loan. Or if I really like the tenant then I’m good with low cash flow. As long as these things all get paid off by my tenants in 15 years then I’m good.
Nice! Thank you for your feedback.
Post: How much should you typically aim to Cashflow per property? Why?
- Rental Property Investor
- Posts 15
- Votes 8
Originally posted by @Jacob Sampson:
Originally posted by @Theresa Harris:
It very much depends on how much money you have into the house and the market. $100 per month on a $50K house is very different than a $300K house, not to mention the type of tenants you get. I'd rather have lower cash flow and better tenants.
Great point. It just shows that a question as simple as "what cash flow you aim for?" is not quite as simple as you think.
Very true. I knew it would not be a "simple" question, I wanted to hear different perspectives and opinions of others in different markets to see if I could find some similarities in the responses.
Post: How much should you typically aim to Cashflow per property? Why?
- Rental Property Investor
- Posts 15
- Votes 8
Originally posted by @Stephen J Davis:
I am getting between $300 and $400 per house. I completely rehab the house when I buy it so my Capex is little to nothing. I generally sell and 1031 it into more houses in year 5 or 7 before there is a need for a major rehab. These are $150,000 to $220,000 homes in the greater Houston area. My formula is (PITI + $300 (vacancy and maintenance)) - Rent (average $1550)
Nice! That sounds like a good strategy. When you decide to sell the properties in year 5-7 do they appreciate much in value generally?
Post: What are two contingencies you use the most in your contracts?
- Rental Property Investor
- Posts 15
- Votes 8
I typically use a 15 Business day inspection period and "This Contract is contingent upon Buyer's partners' inspection and approval at the sole discretion of Buyer's partners any time before the inspection period ends. Earnest money is refundable until that time."
Post: How much should you typically aim to Cashflow per property? Why?
- Rental Property Investor
- Posts 15
- Votes 8
Open to answers/replies from ANY market