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All Forum Posts by: Ginger Vaadi

Ginger Vaadi has started 2 posts and replied 4 times.

Post: Cash flow vs 50% rule

Ginger Vaadi
Pro Member
Posted
  • Posts 4
  • Votes 2

Nicholas L, Yes I did use the real numbers from the MLS listing, otherwise I'm not sure what you mean. Jaycee Greene it's a $376k loan with $3200/month. Seeing it on paper like this makes me realize it doesn't hit the 1% rule either, but maybe because the taxes are pretty low? 2686/yr

Post: Cash flow vs 50% rule

Ginger Vaadi
Pro Member
Posted
  • Posts 4
  • Votes 2

Hi there. So I have a property that according to the bigger pockets calculators will cash flow $100+ per month but the 50% rule is -901. My question is what do I do with this information. Why is the 50% rule so negative while the cash flow is positive? I need this explained in layman's terms please I am still learning and the math breaks my brain a little, haha. Thanks in advance 

Post: Looking for resources in the Portland area

Ginger Vaadi
Pro Member
Posted
  • Posts 4
  • Votes 2

Thanks you guys! My next step is to take your advice and find some local investors to meet up with. Thank you! Any Portlanders out there feel free to hit me up

Post: Looking for resources in the Portland area

Ginger Vaadi
Pro Member
Posted
  • Posts 4
  • Votes 2

Hi I'm Ginger. New to all of this and I am looking in to buying a duplex in the Portland area as my first rental property. Any insight as to steps and/or some local accuntability buddies would be great. I am currently working with a real estate agent that sends me MLS. My goal is to buy my first rental property by January. Is there something else I should be doing right now to help my chances of success? I am currently watching lots of videos and attending webinars when I can. Thank you in advance.