All Forum Posts by: Rene M.

Thanks for all the replys!

@Neil Schoepp - 12% cash-on-cash ROI seems to be the commonly used target of Brandon Turner. At least that's what i saw them using in the youtube videos and on the podcast.

@Bobby Shell - that is correct, but at the same time those areas where i get a quad for 350K are extremely dangerous - at lease in North Charleston... I haven't looked at West Ashley closely and maybe should. Thank you for the advise! 

It would be great if you could link me up with your friends - I'd love to find someone local to talk about RE investing.

@Jason Merchey Thank you - Same to you! Let me know if you are interested in meeting up someday to discuss RE investment strategies.

Thanks all!

Rene

Hi all,

I want to start investing in real estate - Generally I am interested in a buy and hold strategy to get to the point that the property pays for itself to have passive income in a couple years... Thus I am looking for multiplex houses in good areas.
I have 50K cash and make 75K in my job. Credit score of 750 and no debt.

I found two houses which I like.

https://www.realtor.com/realestateandhomes-detail/121-Hester-St_Charleston_SC_29403_M65477-68321?ex=SC647059914

https://www.realtor.com/realestateandhomes-detail/78-San-Souci-St-Apt-A_Charleston_SC_29403_M55615-09407?ex=SC2268731789

But when I run the numbers I never get anywhere close to 12% Return on Cash flow...

I dont know if this is just unrealistic in the area I live and if real estate investment still makes sense?

Happy for any advise where and how to start...

Thanks!