All Forum Posts by: Jordon Mayo

@Sam Shueh huh?

@Russell Brazil would you be willing to take negative cash flow by 100 or so for the tax breaks and equity? Seems reasonable to me.

I understand there is a way if you are given a $50,000 deal with market value of $200,000 but for the 99% of us that aren’t finding that once in a lifetime deal, how are you cash flowing with less than 20% down?

My math just isn’t working out on ANY property with less that at least 15% down (admittedly ignorant in costs)

Is the only option finding those that NEED to sell? Subject to?

Thanks for the tips, you guys!

@Jay Helms

Jay Helms I am interested in replicating that. Would you mind sending me a colleague request so I can message you? I can’t seem to send the request on mobile. Thanks!!

Sebastian, thank you for the support, it means a lot! Thank you all for the advice! I definitely need to learn more about refinancing and BRRRR as a whole.

I also meant to add, I guess it’s just really a matter of being creative and doing the math to make sure it all adds up. For those with multiple properties though, does the fear of vacancy not keep you up at night? Assuming you have barely enough income in order to cover all mortgages for the month.

Thanks for the responses! And 300k at 26 with a 30k down payment and that 30k coming from a home (potential) I will purchase at 22 four year turn around with 30k in profit as far as loan being paid down and appreciation so with that math or my “plan” it will take me well over 10 years at that rate.

Hey quick question on your 6 units, so in total you were only charged 150k for them? How was the condition? Did you put any rehab into them?

So after analyzing deals and looking at profit made and how much of a down payment I could afford after x amount of years in my first property, I am just not seeing how, “30 doors in 30 months” or 100 doors by 30” is even realistic? How are people doing this if they truly are starting with less than 50k? In four years with a down payment I can afford I will be able to afford a 300,000k home and that will put me at 26 then 30 and so on. I understand this isn’t a get rich quick thing but growth here is possible but in order to be able to get out of the ‘9-5’ it would take me a considerable amount of time and i will have already been retired anyways? The growth with my plan just isn’t as fast as it seems it could be. What am I missing? Thanks in advance!