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All Forum Posts by: Account Closed

Account Closed has started 10 posts and replied 33 times.

Post: Cash Flow vs ROI

Account ClosedPosted
  • Real Estate Agent
  • Cypress, TX
  • Posts 35
  • Votes 9

I posted yesterday that I had been trying out the calculators on some listings in the Houston area (Cypress, TX). I liked to ask a hypothetical question and get feed back. 

My question is if a high cash flow is ever better than a low ROI?

In my hypothetical scenario an investor buys a home for $140K cash with an ARV of $150K or possible more. Rents the home for $1600 and cash flows $770 after expenses. According to the calculator the ROI would only be 6.48%. The cash flow is almost at the 50% rule (48%). So would any of you consider this property? If not, what am I missing in my scenario?

Post: Wholesale vs Buy and Hold

Account ClosedPosted
  • Real Estate Agent
  • Cypress, TX
  • Posts 35
  • Votes 9

@Reece O. and @Jay Craig thanks for your replies. My ultimate goal would be to buy and hold but like most new investors I may lack the funds to start that way. Plus I know I lack the knowledge. I'm wondering if like Jay, wholesaling first would be a good way to start and gain the knowledge and experience. When I enter my numbers in the wholesaling calculator I always enter a small profit for myself. I figure that at first the experience and what I learn is more valuable than making big profits. I want to eventually make an awesome income. 

I'm self employed and work from home so any spare time I have I like looking at the MLS and playing with the numbers.

Post: Wholesale vs Buy and Hold

Account ClosedPosted
  • Real Estate Agent
  • Cypress, TX
  • Posts 35
  • Votes 9

I'm new to BP and this week I've been playing around with the calculators. I was looking for deals in the Houston Texas area, primarily in northwest Harris County ( Cypress, Fairfield, Bear Creek ). I'm looking for deals that can be done with little to no money.

I've been trying out all the calculators, from House Flipping, Rental Property and Wholesaling on the MLS in these areas. My question for you all, as a new investor should I start off wholesaling or buying and holding?

Post: New guy in Grand Rapids MI

Account ClosedPosted
  • Real Estate Agent
  • Cypress, TX
  • Posts 35
  • Votes 9

Welcome to BP @Donvier Laffitte.

Post: Ready to Hit the Floor Running.

Account ClosedPosted
  • Real Estate Agent
  • Cypress, TX
  • Posts 35
  • Votes 9

@Naeem Kapasi  Thank you. Yes I read the Ultimate Guide this weekend.

Post: Ready to Hit the Floor Running.

Account ClosedPosted
  • Real Estate Agent
  • Cypress, TX
  • Posts 35
  • Votes 9

@Roland Thomas It would be great to connect with you.

Post: Ready to Hit the Floor Running.

Account ClosedPosted
  • Real Estate Agent
  • Cypress, TX
  • Posts 35
  • Votes 9

@Cristopher Montoya I would be glad to help. Not sure how I can but feel free to reach out to me.

Post: Rea

Account ClosedPosted
  • Real Estate Agent
  • Cypress, TX
  • Posts 35
  • Votes 9

@Henry Shungu Good luck to you also. @Michael Lee Thank you.

Post: Ready to Hit the Floor Running.

Account ClosedPosted
  • Real Estate Agent
  • Cypress, TX
  • Posts 35
  • Votes 9

Thank you @Neda Navidnia. I'm really excited to get started. I'm sure my real estate background will be helpful but the knowledge I can gain from others here will be priceless. And soon I will be able to help others with some advice.

Post: Ready to Hit the Floor Running.

Account ClosedPosted
  • Real Estate Agent
  • Cypress, TX
  • Posts 35
  • Votes 9

Thank you @MichaelSato. It's great to be here.