Posted by jt on March 13, 2001 at 23:12:40:
poss cash flow? How do you dertermin a cap rate?
MULTI FAMILY RENTALS - Posted by JIM
Posted by JIM on March 10, 2001 at 07:04:11:
LOOKING TO PURCHASE FIRST MULTI FAMILY RENTAL PROPERTY, IT WILL BE A THREE FAMILY, WHAT AMOUNT OF POSITIVE CASH FLOW SHOULD I BE LOOKING AT PER MONTH IN ORDER TO MAKE THIS DEAL WORK. THIS WILL BE MY FIRST RENTAL PURCHASE.
THANK YOU, JIM
Re: MULTI FAMILY RENTALS - Posted by phil fernandez
Posted by phil fernandez on March 10, 2001 at 07:17:40:
Jim,
Shut off your CAPS it’s hard to read.
After vacancy factors, expenses, including reserves for replacement and mortgage payments I like to see a cash flow of at least $400 to $500 per month that goes into my pocket on a three unit.
And before buying I run the numbers over and over again verifying them to ensure I have this cash flow.
Good luck.