All Forum Posts by: Dave Malone

Goal $6,000 passive income by December 31st 2019 

Flip one house every 4 months with self guided 401k trust

Purchase a house every other month to BRRR

Flip one house every 6 months for additional income with sale of current flip for additional income source 

SUMMARY:

I have 5 condos that are paid for totaling about  $350k to reinvest. 

I have a good amount to invest from 401k trust

I have a flip I'm closing escrow on next week that I can continue to reinvest in BRRR

I have some cash in the bank I can invest

I have two investors looking to invest with me,,,,,, one with a very large amount of capital and one with pretty large amount. 

Thank you in advance for advice...........

Looking for loan in Cadiz Kentucky on manufactured home on permanent foundation lake front half acre to use as VRBO,,, any lenders out there

I can’t find the replay bonus. Any advice?

Brandon likes 12% ROI - is that cash on cash invested or purchase return?

I have a couple of properties I’d be interested in at 14 - 16 cash on cash but they are closer to 10% on purchase cap. 

Thank you in advance for any advice 

Ahh, that seems reasonable. I’m so used to percentages though, If I was making $200 on a 100k deal then making $200 on a 200k deal it would be hard for me to wrap my head around that, but I suppose I need to realize the equity I have or took out of deal. 

$200 seems very low with the possibility of vacancies and repairs. It makes sense when you have 20 or more units but that’s takes time. What are Brandon and David suggestions? I would feel comfortable at $500 but not sure how realistic that is. 

Thank you in advance for any replies