All Forum Posts by: Justin Blue

Welcome to the family Kris! Good luck on your endeavors!

@Gregory Schwartz please keep us updated! I believe that good or bad, this will be a fantastic learning experience. Remember brother, it's all about the perspective of life! I'm from North Carolina originally and I am working on some deals in the Jacksonville area. Let's stay in touch! 

Congratulations Jordan! It's such an inspiration to see such success in that amount of time. Hard work surly pays off! Good luck with your future investments!

@Joseph Burell perfect! Thank you for the information, I will definitely be in touch!

View report

*This link comes directly from our calculators, based on information input by the member who posted.

I will be going out to check this property out this weekend. So far, the numbers look pretty good, however, I will be contacting the listing agent to get more details. Please let me know what you think!

Welcome to BP Thomas! I am actually in the Saint Robert area! I would love to get together with you for some coffee! @Drake Schmid and I are getting together in Shawnee Bend, MO near Lake of the Ozarks this weekend! 

I to am looking to build my Core 4! Look forward to talking to you!

Chris, thank you for the word of advice. 

Would you be willing to suggest a specific state based on your professional experience?

Good evening all,

I have honestly been wrapped up in BP for the last week after finally deciding on to aggressively seek my first deal. While looking for deals back home in NC, I figured I would look around in FLW while I'm here for training (Marine Corps). With that being said, please take some time to review the listing below and let me know if the numbers make sense to you as well;

Listing Price: $140,000 ($70k/door)

Rental Income (annually): $18,600($775/door)

Estimated Annual Expenses:

Taxes: $700

Insurance: $1800 (Sitting down with an agent next week to get solid figures on this.)

Mortgage: $11068 (Looking for a 203k FHA loan with 3.5% down at est. 5%)(Additionally a rough est on a mortgage calculator)

Repairs: $1200

CapX: $1200

PM: $1980 (Est. at 10% of monthly rental fee)

Total Expenses: $17,948

I came out with a 13% ROI. ($652)

How does this look to everyone? Am I way off? I look forward to hearing from you all!