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From what I hear, you need around 20% to break even. To get 15% you need to find a great deal. Not sure what you consider being cash flow positive, but really what counts is long term. Short term it's pretty easy to be cash flow positive, but then one day you get a problem tenant, vacancies, furnace breaks, roof needs replacing, etc. One idiot tenant or one problem can wipe out the profits from the past year or 2. These costs needs to be considered in cash flow calculation too.
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