Accredited Real Estate Investor,Licensed RE broker, MBA, runs EntrepreneursReport.com.
Grew my net worth from zero to over $1.4M in less than two years. Facilitator for Hobby Millionaire (HobbyMillonaire.com) with weekly meetings for real estate investors (phone & face-to-face).
I recommend that you look at your return. Take your Annual rent less taxes, insurance, and maintenance costs. This should be 10% or more of your purchase price. After deducting your annual loan payments (less taxes & insurance), divide this cash flow by the down payment if you borrowed $. You should have a 20% Cash on Cash return. Visit https://www.entrepreneursreport.com/master_real_estate_financials/ for more details and an online calculator.
