In the past, he recommended investors aim for a positive cash flow of $300 to $500 a month.
The new normal could be a monthly cash flow of $100 to $200.
Depending on a local bank's risk tolerance, growth strategy, and strength of their books, they can offer competitive rates, Primm said.
A few units reserved for mid-terms that are furnished are renting for $2,250 a month: that's a 125% increase in cash flow, he noted.
"But if there's enough people and there's enough concentration, there's going to be a fire, there's going to be a tornado, there's going to be something happening all the time."
Persons:
it's, Sam Primm, who's, there's, Primm, Lucas Walls, Lucas, arbitrageurs
Organizations:
Primm, Faster
Locations:
refinance, St, Louis , Missouri, Primm