What I did yesterday...
...was to look at, at least 50 properties on various websites in the areas we want to buy rental properties in.
What that does is familiarizes me first with areas and neighborhoods I am interested in, and the variations of ask price vs potential income each property could produce.
I am sticking with my tried and true formula I was taught 25 years ago. 1% of the purchase price must be the minimum amount of the monthly rent. Example purchase price $140,000 monthly gross rent must be a minimum of $1,400.
You are saying yeah right! Where am I going to find a house for $140,000? Puerto Rico that's where!
We are starting up a Weekly Webinar (RCF) on this topic as well as other educational investment topics so you can follow along with our progress evaluating various properties for both long and short term rentals and how we will source funding for these deals with very little money out of pocket. We will show you the tools we are using, mostly Artificial Intelegence for the due diligence evaluation process and finding truly good deals across the Island. It's all about "Retirement Cash Flow" People!
We will show you our process of making offers that fit our criteria for cash flow.
Drop a line below if you might find this a point of interest!
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Mike Ruscica
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What I did yesterday...
Retirement CASH FLOW
skool.com/retirement-cash-flow-
Retire wealthy with multiple streams of income! Build these streams one by one. Get one going then work on the next. NO: stocks bonds mutual funds!
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