All Forum Posts by: Keith Doe

Originally posted by @Andrew Postell:

@Keith Doe how does this property not cash flow?  What rental numbers are you seeing for a property at this price point?  It would be extremely unusual for this property to not cash flow.  Let us know though.  Maybe there's something we are missing here.

After account for his 8% closing cost and APR it does not pan out. The property is tenant occupied and renting at 795$/m. He quoted mortgage at $525

Originally posted by @Caroline Gerardo:

That APR is a HOEPA / High Cost loan for sure. There are lots of pricing adds for non owner but this one sounds VERY steep.

Is your FICO low? 

That's what my cousin and I are thinking. His FICO is around 740

Hi all,

I have potentially found a deal. Townhome asking 60k. Newly renovated with tenant in place. Going through the listing agent's recommended lender and he came back with 3.25% but after all fees the APR comes out to around 8.25%. This would be my first deal and I want to make sure this is common?

At that rate though, this property does not cash flow.

Originally posted by @Ryan Daigle:

Hey @Keith Doe. I know Willie Smith is active in Greenville, might be worth a conversation to get started?

 Thank you for this, Ryan. I will reach out to him!

Hi All!

Since I have upgraded to PRO membership, I have been running properties through the deal analyzer calculator. 

I currently live in California, originally from Maryland, and went to school in Greenville, NC - East Carolina University. I recognize the rental potential there, and have found two properties that look like viable options. Whether or not I am able to move forward on these properties, I am looking to create my "Core 4" team that David Greene talks about in his book.

If anyone knows RE Agents, lenders, contractors, and property managers in the area, I would love to connect and hopefully develop a long term relationship!

Looking for Multi-Family but will also look as SFH.

Thanks in advance!

Hi everyone! I was on Brandon Turner's webinar yesterday and the question of partnering with another investor came up, and Brandon gave the answer of splitting the profits. I am looking to go a little deeper.

Lets say I had a partner fund the down payment for a deal at $20k, and we are splitting profits 50/50. Let's say the deal nets $1000 in profit a month and based on terms, I would take $500 and partner takes $500. The way I see the math on this deal is it would take a little over 3 years for the partner to make his money back. Is that how this would work?

Looking for feedback, and hearing about how you may have structured a partnership deal that made sense for everyone involved. Thanks!

Jay Brown Thank you so much. I'll look into that!

I have been searching for a website that will allow me to view the taxes, if any, on homes that are in counties in Florida. I believe I'm using the correct diction. When I lived in Philadelphia I used these websites: http://property.phila.gov/ http://www.phila.gov/revenue/realestatetax/ Does anyone have the links to view this information? Thanks!

Casey Kriske Can we exchange contact information?

Jorge Borges I work for a fairly young company called BlueBin. We get contracted by hospitals to streamline their product re-ordering. I've been down here a week now so I'll have to search for those areas you've mentioned. As for the lots, I am seeing plenty of those online. Do you have experience in this area of investing?