All Forum Posts by: Beau Barry

Hey Eric, where was it in Wesley Chapel? What's the name of the grouo?

good post. Seems thus law is almost impossible to fully figure out.

Is there a website where an investor can buy or sell a "block" of properties? In example, I want to purchase a block of 50-100 homes from a seasoned investor instead of purchasing each separately.

+1 Great book by an awesome guy. We need a sequel.

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Thanks!

$574

Hey Scott. This is figuring an 8% vacancy. Perhaps my math is off? I have an entire excel doc with everything spelled out. Is there a way I can attach? I apologize for the noobness....... :) Thank you and David for your response.

My plan is to never sell and keep forever for rental income. My goal is to buy, pay off, then duplicate over and over. The home is 4 bed/2 bath/2 car 2006 year built 2,000 sf block. Purchase price $115,000 and I estimate rental income of $1,100 a month. Taxes are $2,000 a year and insurance is $500. Figure I'll put down 25% so the property cash flows. With a 7% interest rate and estimating 10% a year for maintenance/repair should result in a net income of 10.1% ROI per year. What do you all think? I'm more concerned in making less ROI and having homes in better/more quality neighborhoods.

Thank you all for your responses. I greatly value your input.