Two House Purchases for CashFlow

[Ray Baker]

We are looking at our 1st Real Estate deals and would like others opinions.  We are looking at two house that have both already been rehabbed and are now being rented out.  These house are being purchased for long term buy and hold.  Then possible resold with home owner financing.

1st House

Cash out of pocket $19,000 with additional hard money loan 70 %

House refinanced with no money down, but should receive back $19,000 when refinanced for long term.

Cash Flow $382.00

Cash and Cash ROI 23.27%

2nd House

Cash out of pocket $15,000 with additional hard money loan 70 %

House refinanced with no money down, but should receive back $15,000 when refinanced for long term.

Cash Flow $501.00

Cash and Cash ROI 38.4%

Our goal at the end would be to turn these around and do a home owner finance on both of them for long term income.

Thanks for your opinions

Ray & Kim