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Updated over 7 years ago on . Most recent reply
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I took a hiatus from BP but boy am I glad to be back! Such a great community! I have some questions on the questions.
13. On average, how much, of your own money, have you spent on acquiring the property type(s)? This is the total spent on each property type. If you do not remember exact numbers, use your best guess. Example: 17000.Is this question basically asking how much equity I initially had in the property on the date of purchase? So if I bought a $100,000 house for $100,000 cash, the response would be $100,000? And if I bought a $100,000 house and put $20,000 down and got an $80,000 loan, I would put $20,000? And this does not include rehab or anything, correct? Just the amount of money I put into the deal to acquire the property?
15. On average, how much money do you make on the property type each year?Is this cash flow? Including or not including cash received from cash-out refi? Or is this NOI (before financing charges)? Or something else?