All Forum Posts by: Lane Stubblefield

@Joe Splitrock Very good info. Thank you sir! 1 issue I'm coming across is rent pretty much stays around 600-800 in this area... homes in bad shape and ones in good shape. $1000 rented ppl just don't pay here very much which makes 100k+ homes almost have to be a flip best I can tell.

@Matthew Irish-Jones From the podcasts I'm learning that location could just to the #1 spot quickly! Thank you for the input.

@Joe Villeneuve That makes more sense!! Thank you sir!

@Manuel Villegas The way I'm understanding it, is that is a personal opinion. It looks like most ppl say $200 on single family. But, you need to watch the 4 square method that Nathan sent me in the previous comment.

@Nathan Zierer The Four Square Method video is EXACTLY what I needed. Cash flow and COC makes sense now. Thank you sir!

@Nathan Zierer I guess that is where I'm lost then. I've listen to bunch of podcasts using the BRRRR strategy. I guess I've been trying to run that method for flips and rentals which is probably why I'm struggling dialing all this in. I'm not sure how to tell if it should be rented or flipped. The main thing I've been doing is with the calculators deciding after the refinance if it will cash flow and if it just breaks even then I should use it as a flip.

@Nathan Zierer Thank you for the reply. You're first person I've seen from MO so far on here.

I'm just starting and I'm ready to purchase my 1st property and I'm really trying to understand how to calculate the cash flow and the cash on cash return. The cash on cash return I hear Brandon talk about in the podcasts , but so far I just can't wrap my head around it.

How would it work if I bought a property for 80k and put 20k in it for repairs and now it's worth 140k?

@Lane Stubblefield Any help on this would be appreciated.

When you're running numbers for a new rental property are you Checking Cash Flow to determine if it's a good deal or are you using Cash on Cash Return??

Do any of you that are Agents and investors have issues with getting investment deals from clients? I continually get "How much could I sell this for?" Then, I show them what market value is and when I present what I can give to be able to use the BRRR strategy, I am pretty much bound to list it for them because they don't want my price. No, a listing is not bad and I am thankful to have them. Old and outdated homes are even selling right now since there isn't anything available.

As a new investor I just wanted to hear some input from others experiencing this. I know we can use no commissions, waived inspections, lenient timelines etc. ( Best way would be cash, but I would like to go the 20% route. )