All Forum Posts by: Edward Cates

@Corby Goade

Thanks

I appreciate that though of having cash flow from passive income ca earned income, Even if the property is 6.7% ROI to 9%. I can agree to the appreciation aspect and to use equity or to cash out refinance and use that money to acquire another assets as I have studied people do.

This is motivating and clearing up some clouds for me I can’t wait to share my success on the first deal with you all!

@Michael Chilton

30 years , conventional , I want cash flow and can always use the equity to BRRRR or cash out refi to use it on other properties for a down payment. There's also a thought of selling them one NOI improves and property value goes up so I can sell it for more and 1031 exchange.

I have a A few properties that can cash flow up to $1000 a month however the rate of return is only up to 7% I currently am seeing this all over across-the-board did the financing available for me with a 30% down and 6.9% interest-rate makes it really competitive but other deals have been done in the past with higher interest rates so I know that the cash flow is significant but with the ROI be too low? Is photo on cash flow that is not included yet gonna help ?

@Pankaj Sharma

Manny Khoshbin's Contrarian PlayBook: How to Build Your $100 Million Real Estate Portfolio From the Ground Up

Is a great book :)

Hello everybody thank you for the last information on the room most recent post it was amazing a lot of insight from everybody and I hope that we can get more input on this topic the current topic is:

I have pre-qualifications for price range of multi family property out here in San Diego and Am able to put down the required down payment.

My only issue is that I cannot find a current multi family home with a good enough ROI. look on all the LMS listing websites and I spent hours , now days looking through hundreds of properties.

On the contrary I do find a lot of single family homes that are up to 15% or more return on investment properties for my first deal it would require a lot less money and a lot less leverage would you recommend that I test the experience to get involved into this I do wanna get on the fast track to earning more passive income and Am able to get a duplex/ fourplex, but again the issue is finding those good multi family deals vs single family deals.

Would you recommend starting small going big? I can retire faster I know it’s a slower process and I may learn a lot but I am ready to excel and turn my earned income to passive income!

Would you say it's fair to base your potential income based off projected future income vs actual current income to gauge your ROI. This is a just a numbers thing but also a make or break it for me!