All Forum Posts by: Kyle Scofield

@Jonathan Perez no problem man, let me know if there's anything else I can help you with 

@Tim Johnson Just start sending potential sellers (that you've researched, gathered information on, etc) and tell them you're interested in purchasing their home.. There's templates here on the site for direct mail too!

Let me know if I can be of more help, Tim!

@Brittni Lovelace There are some special loans for people who plan on living in the home as their primary residence (look up FHA loans - you can do lower down payments of 3.5%)... Some states have other special programs that allow first time home buyers other things.

I hope this helps a little bit but I could definitely be of further help if you had some more in-depth questions. Feel free to message me or just reply on here :)

@Pradeep Narra I would say it depends on your goals as well as where you think your market is going. If it's going to keep doubling every 4 years, I would say hold. That's insane appreciation!

Patrick Fleckenstein Jay Scott's book on flipping house is excellent in showing you what to look at to tell if your market is hot or cold

Ty Monroe I should be able to help you out with this... But could you be a little more specific on your question? I'm not entirely sure what tax questions you have

Bogdan Masca things that make REI a little more appealing would be tax benefits, using leverage to scale, loan pay down, controlling your investment (you can't control the stock market)... Etc etc

Grant Mone finance is a good major for REI... But not necessary by any means.. I would start with the ultimate beginner guide here on the site, it will start you in the right direction... Other books to read after that (depending on your niche) would be Brandon's book on rental property investing or jay Scott's book on flipping houses.. Any other questions let me know man!

Elizabeth Garcia I would say this is where your team becomes a major factor... Get a good lawyer that understands real estate law and have them take a look at it for you

@Jonathan Perez After you subtract all expenses ($1220) from Rent ($1325) you have $105/month or $1,260 annually. This CoC return is 32%.

Cap rate is NOI/Value of Asset. Sooo $1,260/$110,00 in this case is only 1.1%

If your numbers are accurate for your area, then that's what your numbers would look like. Although it looks like your repairs and maintenance are only 5% of your Rent.. (usually recommended to include 10-15%, same with CapEx.... But then again, you are the expert in your own farm area.)

Any further questions, just let me know!