All Forum Posts by: Cameron Marmon

Hey Kenneth, let me know if you find something good. I'd like to find a good group as well and have checked out Meetup.com but haven't had much success. 

Sorry to hear that man. It is a great idea and something I would like to do in the future if I get a home that has enough room on the lot. I wouldn't have thought there would be such restrictions though. 

Hey Ryan, I'm just curious how this turned out for you. Were you able to get any traction? 

Ok, simpler question. Do we use the 1% rule to get an idea of what our GROSS monthly rent should be or NET monthly rent?

Thanks for the replies guys!

As you said, ACTUAL gross rents will obviously vary based on the area and other factors. However, the 1% rule is another calculation we can use to get an IDEA of what our gross monthly rent should be, correct?

When calculating that, do you go off the purchase price, the purchase price plus estimated closing costs, or the mortgage amount after equity injection?

Hey everyone, new guy here. Loving the forum and the info. I have a few questions in regards to the 50% Rule. I may be making a simple rule too complex, but curiosity is making me ask haha. Example: We identify a property and gross rev. is $2000/month. Subtract operating expenses of $1000 (50% of gross), then we have an NOI of $1000. Subtract the monthly mortgage payment of $500 and we are left with CF of $500/month. Questions: - Does the monthly mortgage payment consist of principal and interest only? - What is the goal return you all shoot for on a deal? - If the deal makes sense for you, what other rules/analysis would you all follow this up with? Thank you!

Hey everyone, new guy here. Loving the forum and the info. I have a few questions in regards to the 50% Rule. I may be making a simple rule too complex, but curiosity is making me ask haha. Example: We identify a property and gross rev. is $2000/month. Subtract operating expenses of $1000 (50% of gross), then we have an NOI of $1000. Subtract the monthly mortgage payment of $500 and we are left with CF of $500/month. Questions: - Does the monthly mortgage payment consist of principal and interest only? - What is the goal return you all shoot for on a deal? - If the deal makes sense for you, what other rules/analysis would you all follow this up with? Thank you!