All Forum Posts by: Bob Stevens

@Isacc Lightbourn it is gross income, 1k per month 12k per year cap, But nobody cares about gross , its all about net. Rent 12k per year, less, taxes , ins, PM V/M about 10% , then you have NET cap,.  Make sure you are getting at least the 1.5 -2% cap, Meaning PP 65k, rent 1k, well the rent is just under 2% gross, 

All the best 

@Hobart King  Hi 1st off, rent is much to low, 50k prop only 600? Also it appears you are insuring for replacement value , we never do. ONLY the amount of the investment. We pay about 750 a year for about 65k property, You are not going to rebuild are you if total loss ? You seem to be over insured 

All the best 

@Hobart King  Hi 1st off, rent is much to low, 50k prop only 600? Also it appears you are insuring for replacement value , we never do. ONLY the amount of the investment. We pay about 750 a year for about 65k property, You are not going to rebuild are you if total loss ? 

All the best 

Hi, forget about books, connect with someone that is actually doing deals, and learn from them

Good Luck