All Forum Posts by: Pan Forysythe

lol thanks but no. i just created a pro account. i guess ill have to delete this one

Hello BP!

I am looking forward toward my First Buy and Hold Deal! Wo-who! But even after all the books, webinars etc I am finding myself confused about how to interpret this information. 

I am attaching the screen shots from using the BP calculator. I see that the CoC ROI is good at over 17%, but then I see that we would be putting more money into this property than the ARV.

Would a kind, gentle, and experienced soul rain some wisdom and light on this?

Thanks everyone!

@JJ Pawlowski look forward to meeting at MAREI.

Hello,

I am looking for my first investment multi-family property. I am joining BP to get great information, and meet others who are in love with Real Estate investing. I am currently looking for a property to provide a space for my mom, who currently lives with me. I am thinking about looking for a duplex or an SFR.

This is what I am thinking:  I would consider my first property to be an owner occupied property for 6 months- 1 year ( ie, mom living in it while I work on any fixes necessary) then save enough from my other income sources and mom's "rent" to rent out the first place to upgrade mom to a nicer home.  My current plan is to slowly build up enough assets and use the cash flow to pay for a nice place for mom and have passive income to cover for my family in 3-5 years (about 5k a month).

Is it realistic?  Is my plan a bit complicated and over whelming?  Right now, I think it might be, but I am hoping I will learn much from the gods of BP Know-how .

Excited to get started!