All Forum Posts by: Rashonda Montgomery

When using the fix and flip calculator where would I capture the downpayment used to obtain a mortgage to acquire the property? Where does this get recorded in the fix and flip calculator?

Thanks.

Hey BP! Looking to purchase a condo in Miami for personal use and short term rental income. What's going on in the market? I see 1BR semi-old condos on the market for 200K and was wondering if this a good time to buy

Hello John - I live in the area. Did you run the Buy and Hold calculator to understand ROI and cash flow? With $300 HOA plus mortgage, it doesn't seem like you will have much cash flow. Also, that development is already priced at the top of the market in anticipation of the train station. Not sure how much appreciation one can truly expect over the next ten years. Overall, it does not sound worth it. I recommend running the calculator and analyzing the numbers.

Hello William - Which strategy are you looking to employ in North Brunswick? Flips or Buy & Hold or other.

Hello Tracey - I’m under attorney review on a property in Berkeley Square. We conducted the home inspection on Saturday and it turned out to be a complete gut job. Not what we were expecting nevertheless we are asking our contractor to review report and initial itemized bid to get an high-level sense of cost so we can re-negotiate price.  

It would be super helpful if you could tag your favorite calculator report so it displays at the top. We are under attorney review and have been constantly tweaking the numbers (this will be our first deal if all goes well). And this deal is on page 7

Just registered my husband and I!! Can't wait :)

Hello BP! Can someone refer a general contractor who will travel to Trenton, NJ. We are under contract for a 2 unit MFH in need of a lot of TLC.

Name: Eric and Rashonda Montgomery

Business Name: Montgomery Investment Group, LLC

Real Estate Investing Niche: TBD; We are working on our first BRRRR in Trenton (signed contract today!) BP has been a great source of information and networking

Areas of Investing: Trenton (We are also interested in investing in Essex and Middlesex counties in NJ as well as Charolette, NC & surrounding areas)

Goals: Short Term - Close out the year with 1 deal

Current Needs: DEALS and JV Opportunities

Why should other investors contact you? We are motivated and eager investors looking to grow our portfolio and achieve financial independence