All Forum Posts by: Patrick Rabalais

I've been digging through the forums and haven't seen a real clear answer on this yet, so figured I'd ask:

Where do y'all get your data from? Is there a website that can provide aggregate demographic data in each neighborhood  such income, type of job worked, average age and so on.

On the physical asset side I'm looking for vacancy rates, average rental rates, average sales rate, lot size, average sqft and so on. I would really like the hard data broken down by property so I could calculate trendlines and regressions based on property classifications and features.

Any help would be apprecaited!

Thank you all for the reality check. My mind was rooted in risk mitigation when I should be looking at this from a growth perspective.

A higher DP forces a cash flow. The real trick is finding a property that will cash flow for as little equity as possible. 

Looking to get in to my first deal. Targeting a single family home requiring zero to minimal repairs to rent out. The goal of the property will be cash flow. My thought is to hit a 70% LTV (which makes my down payment 30%). The idea is this will reduce monthly payment and increase cash flow.

The cash flows from the rental (along with savings from my full time job) will be reinvested in a second property under the same principal in 2 years with growth from there.

The question is, is this too high or low of a down payment and what have other experienced? My goal is not appreciation on the property (though some would be expected) but rather boost savings to reinvest (similar to a dividend portfolio).